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BofA to invest $1.9 billion for 49.9% stake in Jio Financial NBFC unit

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Bank of ​America will ​acquire up to 49.9% stake ​in Jio Credit, a unit of Jio Financial Services , for as much ‌as 182.68 ⁠billion ⁠rupees ($1.92 billion), the companies said on ​Wednesday.The U.S. lender will be a joint ​venture partner in Jio Financial's non-bank lending arm through a preferen...

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