Jio gives up its credit crown jewel to Bank of America — and the market prices it as surrender
Bank of America is paying $1.9 billion for a 49.9% stake in Jio Credit, Jio Financial's lending crown jewel. But the market isn't buying the "win-win" framing: Jio stock has fallen 5% since the announcement, against a 1% Nifty dip. Analysts read an early, cut-price exit from a lending push whose stock still trades below its listing price.