Bank of America to Acquire up to 49.9% Stake in Jio Credit Limited
Jio Credit Limited operates as a wholly owned non-banking financial company (NBFC) subsidiary of Jio Financial Services Ltd (JFSL).
The deal represents an estimated total proposed investment of ₹18,268 crore ($1.9 billion), starting with an initial acquisition of a 26.5% equity stake.
Key Facts / Static GK
Initial Stake Acquisition: 26.5%
Maximum Target Stake Acquisition: 49.9%
Practice Quiz — 13 August 2026
Q1. Who has been selected as the Vice-Chancellor of the Atal Bihari Vajpayee Institute of Public Service and Innovation (AIPSI) in Mauritius?
Q2. Which global body has selected three Indian Sanchar Mitras as Generation Connect Youth Envoys?
Q3. Where is Asia's first desert-themed drive-through night safari and zoological park being established?
Q4. Regarding the Black-necked Crane, consider the following statements: 1. It is the official state bird of Ladakh. 2. Changthang Cold Wildlife Sanctuary is its only breeding ground in India. 3. Its IUCN status is 'Critically Endangered'. Which of the statements given above is/are correct?
Q5. What was the headline Consumer Price Index (CPI) retail inflation rate recorded for India in July 2026?
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