Jio Financial shares rise 3% after ₹18,268 crore BofA deal

Jio Financial Services shares gained nearly 3% after Bank of America agreed to invest up to ₹18,268 crore in Jio Credit for a 49.9% stake. The deal combines Jio's digital reach with BofA's global financial expertise. Jio Credit, which had ₹30,667 crore in AUM as of June 2026, could gain significant capital to expand its lending business.