Jio Financial to sell 49.9% stake in NBFC arm to Bank of America for $1.9 billion
Jio Financial Services and Bank of America has signed an agreement which lets BofA acquire 49.9% stake in its NBFC subsidiary Jio Credit through a preferential allotment of equity shares and warrants. The post Jio Financial to sell 49.9% stake in NBFC arm to Bank of America for $1.9 billion appeared first on MEDIANAMA .
Record details
Published: 13 August 2026
Source: MediaNama (IN)
Category: News
Topics: Bias & fairness
Retrieved: 14 August 2026
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ethics.ai (13 August 2026), “Jio Financial to sell 49.9% stake in NBFC arm to Bank of America for $1.9 billion,” evidence record 19465, https://ethics.ai/record/19465 (originally published by MediaNama (IN)).
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