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Jio Financial plans $1.9bn Bank of America partnership for Jio Credit
Jio Financial will sell up to 49.9% of NBFC subsidiary Jio Credit to Bank of America for Rs 18,268.2 crore, strengthening its lending capacity. The capital partnership supports Jio Credit’s secured-loan expansion and potential eventual entry into unsecured consumer credit.
Reported figures
From the report. Source details below
- Rs 11,252 crore Q1 FY27 loan disbursements
- Rs 20,000 crore Airtel NBFC investment
Other figures
- Initial 26.5% stake
- Rs 6,612.9 crore
- 7.6 crore warrants
- Rs 30,667 crore AUM
The source
First seen