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VERIFIEDET Markets·neutral
Jio Financial shares in focus as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore
AI Summary
- ·Bank of America will acquire up to 49.9% in Jio Credit for Rs 18,268 crore.
- ·The US bank will initially acquire 26.5% of Jio Credit.
- ·Jio Credit had an AUM of Rs 30,667 crore as of June 2026.