The briefing
Jio Financial Services said Bank of America will acquire a 49.9% stake in its Jio Credit unit for about USD 1.9 billion (Rs 18,268 crore). The move deepens the U.S. lender’s push into India’s fast‑growing consumer finance market.
Original headline
Bank of America to acquire 49.9 percent stake in Jio Credit for Rs 18,268 crore