Bank Of America To Buy 49.9% Stake In Jio Financial Services’ NBFC Arm For $1.9 Bn
· inc42.com
The JV agreement adds on to JFS’ strategy of partnering with multi-national players like BlackRock and Allianz Group to scale up its fintech verticals.
Bank of America’s subsidiary NB Holdings will initially acquire a 26.5% stake in Jio Credit via preferential allotment of equity shares, and will also be allo...