# BofA to take 49.9% stake in Jio Credit for $1.9 billion in India push

https://mins.news/en/item/20517

- Reuters, 2026-08-12 18:50 UTC
- Economy
- Original: https://www.reuters.com/business/finance/bofa-invest-19-billion-499-stake-jio-financial-nbfc-unit-2026-08-12/?link_source=ta_bluesky_link&taid=6a7cc070325a7500012a8cd5

> Bank of America will acquire up to a 49.9% holding in Jio Credit, the non-bank lending arm of Jio Financial Services. The transaction is valued at 182.68 billion rupees, or about $1.92 billion. The deal marks an expansion by the U.S. lender into India’s rapidly growing financial sector. BofA is using the investment to strengthen its presence in the country’s financial market.

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