Bank of America Acquires Up to 49.9% Stake in Jio Credit for Rs 18,268 Crore

Bank of America will acquire an initial 26.5% stake in Jio Credit with options to rise to 49.9% through warrants, investing up to Rs 18,268 crore per ET BFSI. For builders: this validates the scale of Indian credit-tech plays and signals international institutional confidence in domestic lending platforms—expect accelerated M&A and cross-border partnerships in BNPL and unsecured lending.

Source: ET BFSI ↗