Bank of America to Acquire 49.9% Stake in Jio Credit

Bank of America is set to acquire a 49.9 percent stake in Jio Credit for a total transaction value of ₹18,268 crore.

The acquisition represents a major investment by the global financial institution into the Indian digital credit and financial services sector.

No further financial details, regulatory timelines, or executive statements regarding the transaction were disclosed in the announcement.