{
  "id": 735140,
  "title": "Jio Financial shares jump 3% as Bank of America set to acquire 50% stake in Jio Credit for Rs 18,268 crore",
  "url": "https://urgent.news/2026/08/13/jio-financial-shares-jump-3-as-bank-of-america-set-to-acquire-50",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-13T04:01:52.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/jio-financial-shares-in-focus-as-bank-of-america-set-to-acquire-50-stake-in-jio-credit-for-rs-18268-crore/articleshow/133197203.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Jio Financial Services shares: Bank of America agreed to acquire up to 49.9% in its lending arm Jio Credit through a Rs 18,268 crore joint venture deal. The US bank will initially take 26.5%, with the stake potentially rising to 49.9% via warrants, subject to approvals. Jio Credit had an AUM of Rs 30,667 crore as of June 2026.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}