Bank of America Arm Seeks CCI Approval for Up to 49.9% Stake in Jio Credit
A Bank of America-affiliated investment vehicle has sought clearance from India’s competition regulator to acquire up to 49.9% in Jio Credit, the non-banking financial company housed within the Jio Financial Services group. The filing underscores continued foreign interest in India’s fast-expanding financial services and consumer credit market, even as regulators scrutinise ownership structures and market concentration.
