From The Economic Times · ET Bureau · · 40s
Bank of America Arm Wants CCI Approval for Jio Credit Stake
Bank of America's NB Holdings seeks CCI approval to buy up to 49.9% of Jio Credit Limited.
In brief
Bank of America's NB Holdings seeks CCI approval to buy up to 49.9% of Jio Credit Limited. Bank of America's NB Holdings Corporation has requested competition regulators to approve its acquisition of up to 49.90% of Jio Credit Limited. Originally reported by The Economic Times.
Bank of America Arm
NB Holdings Corporation, a Bank of America group holding company, has sought competition regulators nod to acquire up to 49.90% of Jio Credit Limited.
Jio Credit Limited
Jio Credit is a non-banking financial company within the Jio Financial Services group.
No Direct Operations
NB Holdings has no direct business operations in India, according to the applicants' submission.
At a glance
Bank of America's NB Holdings Corporation has requested competition regulators to approve its acquisition of up to 49.90% of Jio Credit Limited.
