Bank of America to Buy Up to 49.9% of Jio Credit for ₹18,268 Crore

Under the transaction, Bank of America will acquire up to a 49.9% stake in Jio Credit for a total investment of ₹18,268 crore ($1.9 billion).

The strategic breakdown of the ₹18,268 crore deal structure:

→ Immediate Capital Infusion: BofA initially acquires a 26.5% equity stake for ₹6,613 crore via preferential share allotment. → Warrant Conversion Option: The stake can expand to 49.9% through ₹11,655 crore in convertible warrants exercisable over 18 months. → Rapid Balance Sheet Scale: Jio Credit scaled its AUM to ₹30,667 crore in just two years of operations by leveraging Reliance's ecosystem. → Strategic Governance Balance: Equal 50:50 board representation, pairing Bank of America's global risk management models with Jio's digital distribution reach.