{
  "id": 742687,
  "title": "Bank Of America To Buy 49.9% Stake In Jio Credit For ₹18,268 Crore",
  "url": "https://urgent.news/2026/08/13/bank-of-america-to-buy-49-9-stake-in-jio-credit-for-18-268-crore",
  "topic": "world",
  "section": "World",
  "published": "2026-08-13T06:59:20.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/bank-of-america-to-buy-499-stake-in-jio-credit-for-18268-crore"
  },
  "original_language": "en",
  "account": null,
  "summary": "Bank of America Corporation’s wholly owned subsidiary NB Holdings Corporation will acquire a 49.9% stake in Jio Credit, the lending arm of Jio Financial Services, for ₹18,268.22 crore. The investment will be made through a preferential allotment of equity shares and warrants, following a definitive agreement signed between the two companies. BofA investment strengthens Jio Credit’s lending plans…",
  "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."
}