Acquiring Company
Bank of America Corporation
Acquired Company
Jio BlackRock Investment Advisers Private Limited
CharlotteFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingDescription
Bank of America has entered into a joint venture with Jio Financial Services to acquire up to 49.9% of Jio Credit Limited through a preferential allotment of shares. The acquisition will leverage JFSL's local expertise and BofA's financial services experience to enhance lending in India's rapidly growing market. This partnership aims to create a robust financial ecosystem, with both companies sharing equal representation on JCL's Board of Directors.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Jio BlackRock Investment Advisers Private Limited?
Jio BlackRock Investment Advisers Private Limited was acquired by Bank of America Corporation, based in Charlotte. The deal was reported on August 12, 2026. Bank of America Corporation is a multinational investment bank and financial services company headquartered in Charlotte, North Carolina. Bank of America Corporation is privately held and operates in Financial Services.
When did Bank of America Corporation acquire Jio BlackRock Investment Advisers Private Limited?
Bank of America Corporation's acquisition of Jio BlackRock Investment Advisers Private Limited was reported on August 12, 2026. Bank of America has entered into a joint venture with Jio Financial Services to acquire up to 49.9% of Jio Credit Limited through a preferential allotment of shares. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Jio BlackRock Investment Advisers Private Limited do?
Jio BlackRock Investment Advisers is a joint venture between Jio Financial Services Limited and BlackRock Inc. It aims to provide innovative, digital-first investment advisory services in India. It is privately held, operating in Financial Services.