BofA to acquire up to 49.9% stake in Jio Credit for ₹18,268 crore

Bank of America will acquire up to 49.9% of Jio Financial Services' Jio Credit Limited for up to ₹18,268 crore. The investment includes a 26.5% initial equity stake, subject to regulatory approvals, and aims to enhance BofA's participation in India's growing market.