Bank of America to Acquire 49.9% Stake in India’s Jio Credit
Bank of America has announced its plan to acquire a 49.9% stake in Jio Credit, an Indian financial services company.
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Bank of America to Acquire Stake in Jio Credit; KKR Offers to Buy First Gen Stake
Bank of America plans to acquire a 49.9 percent stake in Jio Credit for Rs 18,268 crore. Separately, KKR has offered to purchase over 8% of First Gen's stake from its parent company, First Philippine Holdings.