Bank of America arm to pick up 49.9% in Jio Credit for ₹18.3K crore | Industry News
[ad_1] NB Holdings Corporation, a wholly owned subsidiary of Bank of America Corporation (BoFA), will acquire a 49.9 per cent stake in Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services (JFS), for ₹18,268.22 crore, or $1.9 billion, through a preferential allotment of equity shares and warrants, Jio Financial Services said in … Read more