The briefing
Moneycontrol reports that Bank of America will invest up to Rs 18,268 crore for a 49.9% stake in Jio Credit, a new JV with Jio Financial. BofA will initially take 26.5% via a preferential share allotment and warrants.
Original headline
Jio Financial, Bank of America form JV; BofA to invest up to Rs 18,268 crore for 49.9% in Jio Credit