FinanceMediaNamaabout 3 hours ago
Jio Financial sells 49.9% NBFC stake to Bank of America
3 min read
Jio Financial Services is selling a 49.9% stake in its NBFC arm Jio Credit to Bank of America for Rs 18,268.2 crore ($1.9 billion). Bank of America initially acquires 26.5% for Rs 6,612.9 crore, with warrants convertible within 18 months to reach 49.9%.
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