Bank of America stakes $1.9B on Jio Credit
Bank of America agreed Wednesday to pay roughly $1.9 billion for up to 49.9% of Jio Credit Limited, the nonbank lending arm of Mukesh Ambani’s Jio Fin
Jio Credit
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BofA pays ₹18,268 crore for near-half of Jio Credit
Bank of America is buying up to 49.9% of Jio Credit Limited for ₹18,268 crore, giving the US bank a foothold in India's fastest-growing shadow lender