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VERIFIEDET Stocks·neutral
BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit
AI Summary
- ·Bank of America plans to invest in Jio Financial's NBFC unit.
- ·The investment could lead to Bank of America acquiring a 49.9% stake.
- ·The deal involves a preferential allotment of equity shares and warrants.