Bank of America agrees a $1.9 billion investment path into Jio Credit

The staged transaction can take the bank to 49.9% of Jio Financial's lending unit and attaches a global strategic partner to a fast-growing balance sheet.

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Bank of America will invest up to ₹182.68 billion in Jio Credit, initially taking 26.5% and potentially increasing its interest to 49.9% through warrants, according to the announced structure reported by Reuters.

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