Bank of America agreed to acquire up to 49.9% stake in Jio Credit for Rs 18,268 crore, with an initial 26.5% equity interest and potential rise to 49.9% through warrants subject to regulatory approvals.

Bank of America agreed to acquire up to 49.9% stake in Jio Credit for Rs 18,268 crore, with an initial 26.5% equity interest and potential rise to 49.9% through warrants subject to regulatory approvals.

Bank of America announced a definitive agreement to acquire up to 49.9% in Jio Credit for up to Rs 18,268 crore, initially acquiring 26.5% equity interest with the stake potentially rising to 49.9% through warrant exercise.

Bank of America agreed to acquire up to 49.9% stake in Jio Credit, a lending arm of Jio Financial Services, for Rs 18,268 crore, with an initial 26.5% equity interest and the remaining stake potentially acquired through warrants subject to regulatory approvals.

Bank of America agreed to acquire up to 49.9% stake in Jio Credit, a lending arm of Jio Financial Services, through a Rs 18,268 crore joint venture deal, with an initial 26.5% equity interest that could rise to 49.9% via warrants subject to regulatory approvals.