# Bank of America to invest Rs 18,268 crore in Jio Credit 2026-08-12T17:12:23+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 3 independent outlets Bank of America will invest up to Rs 18,268 crore, or about $1.9 billion, in Jio Credit, the lending subsidiary of Jio Financial Services. The deal will initially give BofA a 26.5% stake through a preferential share issue, with warrants allowing it to reach 49.9%, ETBFSI reports. The transaction needs regulatory and statutory approvals. Jio Credit had assets under management of Rs 30,667 crore as of June 30, 2026, after two years of operations. Its board will have equal representation from both companies, while its current management will continue running the business. The companies said BofA will provide financial services, governance, risk management and technology expertise. Executives said the investment should not be read as BofA entering retail lending directly. ## Coverage - timesofindia.indiatimes.com - bfsi.economictimes.indiatimes.com - timesnownews.com Tags: Bank of America, investment, Jio Credit, Jio Financial Services, joint venture, NBFC Canonical: https://indianopinion.org/bofa-to-acquire-49-9-of-jio-credit-for-rs-18268-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/bofa-to-acquire-49-9-of-jio-credit-for-rs-18268-crore/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.