Bank of America to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit-November 2024-www.financetom.com

Bank of America to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

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Bank of America to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

Aug 12, 2026 8:44 AM

Aug 12 (Reuters) - Bank of America ( BAC ) will invest up to

182.68 billion rupees ($1.92 billion) for a 49.9% stake in Jio

Credit, a unit of Jio Financial Services , the

companies said on Wednesday.

($1 = 95.3300 Indian rupees)

(Reporting by Nishit Navin in Bengaluru; Editing by Arun

Koyyur)

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