Bank of America will acquire up to 49.9% of Jio Financial Services' Jio Credit Limited for up to ₹18,268 crore. The investment includes a 26.5% initial equity stake, subject to regulatory approvals, and aims to enhance BofA's participation in India's growing market.
Bank of America will acquire up to 49.9% of Jio Financial Services' Jio Credit Limited for up to ₹18,268 crore. The investment includes a 26.5% initial equity stake, subject to regulatory approvals, and aims to enhance BofA's participation in India's growing market.
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