Jio Financial shares in focus as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 cror
- Posted on August 13, 2026
- By Business News Today
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Jio Financial shares in focus as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 cror
Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an AUM of Rs 30,667 crore as of June 2026.
