Bank Of America Partners With Jio Financial In $1.9B India Deal
Bank of America is set to acquire up to a 49.9% stake in Jio Credit, expanding its presence in India’s growing financial services market.
Bank of America is buying a big piece of a money company in India because more people there want banking help. This shows BAC thinks India's money business is growing, which could be good for the company long-term.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.