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VERIFIEDMint Markets·neutral
BofA to acquire up to 49.9% stake in Jio Credit for ₹18,268 crore
AI Summary
- ·Bank of America plans to acquire up to 49.9% of Jio Credit Limited for a maximum of ₹18,268 crore.
- ·The deal includes an initial 26.5% equity stake, pending regulatory approvals.
- ·This investment is intended to increase BofA's presence in the Indian market.