Jio Financial shares in focus as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore

Bank of America will acquire up to 49.9 percent stake in Jio Credit, the NBFC arm of Jio Financial Services, in a deal worth about Rs 18,268 crore, initially purchasing 26.5 percent through a preferential allotment before exercising warrants subject to approvals. Jio Credit, which began operations two years ago, has assets under management of Rs 30,667 crore as of June 30, 2026. The joint venture combines Jio Financial's digital reach with Bank of America's global banking expertise, with RIL Chairman Mukesh Ambani calling the partnership a pivotal milestone in expanding credit access in India.