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Bank of America Enters into a Joint Venture Agreement with Jio Financial Services Limited to Acquire up to 49.9% in Jio Credit Limited
By Sai Krishna
Key points Bank of America's investment, including the equity shares and warrants (if fully subscribed), would be ₹18,268 crore (~$1.9 billion USD [1] ). Jio Credit receives further capital to support its growth in India and expertise of a global financial services firm. The investment supports Bank of America's commitment to its global franchise with a strong local partner in...
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