HardwareThe Tech Portalabout 2 hours ago
Bank of America buys 49.9% Jio Credit stake
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Bank of America will acquire up to a 49.9% stake in Jio Credit, Jio Financial Services' NBFC arm, for $1.9 billion. NB Holdings initially takes 26.5% via preferential allotment, with convertible warrants potentially raising its holding to 49.9%.
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