Corporate Finance #bank-of-america#jio-credit
Bank of America to Invest Rs 18,268 Crore for 49.9% Jio Credit Stake
Bank of America will acquire an initial 26.5% stake in Jio Credit, potentially rising to 49.9% through a Rs 18,268 crore ($1.9 billion) investment. The deal values Jio Credit at Rs 36,600 crore post-investment and will give the NBFC access to BofA's financial services expertise. Jio Credit reported AUM of Rs 30,667 crore as of June 30, 2026.
Aug 13, 2026 1 source