Bank of America to invest up to ₹18,268 crore in Jio Credit Limited via JV
Jio Financial Services · Finance
Key highlights
- Investment via preferential allotment of up to 4.29 crore equity shares and 7.56 crore warrants
- Initial stake of 26.5% in JCL, can increase to 49.9% upon warrant conversion within 18 months
- JV board equally represented by JFSL and Bank of America; deal signed August 12, 2026, subject to approvals
Why it's rated notable: amount is ₹10,000 crore or more
Figures checked against the filing by a second AI read. About the business, not the share price.
Original filing
Announcement under Regulation 30 (LODR)-Press Release / Media Release
Read the filing on BSE (PDF) →Companies guiding to strong growth
Ranked by management's own guidance on revenue and margins — not by us.
Aerospace & Defense
Sign up free to see all 6 →
See full rankingsRank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
More from Jio Financial Services
- Acquisition / mergerNotableJFSL: NB Holdings to invest up to ₹18,268.22 crore in subsidiary Jio Credit
- Acquisition / mergerNotableJio Financial Services forms 50:50 joint venture with Allianz for general insurance in India
- Fundraise / allotmentNotableJio Financial Services allots 25 crore equity shares on conversion of warrants
- Dividend / buyback / bonusNotable· Adverse for the businessJio Financial Services Limited approves FY2026 audited results and dividend
- Financial resultsNotable· Adverse for the businessJio Financial Services Limited announces audited results for FY 2025-26 and key updates
Other acquisition / merger filings this fortnight
- IndiGrid Infrastructure Trust Q2 FY27 Earnings Conference Call Transcript Released
- Cubical Financial Services Ltd announces promoter reclassification post open offer
- Novus Loyalty Limited approves acquisition of AutoPe Payment Solutions via share swap
- Shish Industries Limited files Composite Scheme of Amalgamation proposal
- Jubilant Ingrevia Limited updates on acquisition of 40% stake in Zettaone Technologies
- NHC Foods approves quarter results, 99.98% Sachmaas Foods investment, two appointments
Potential multibaggers · Q2 FY27
Potential multibaggers in Finance
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.