#capital-infusion
Jio Financial says BoFA's Rs 18k cr to come by Dec; Jio Credit's product plans, strategy to be redrawn
Jio Credit could grow its loan book fivefold to around ₹1.5 lakh crore after Bank of America infuses ₹18,268 crore for a near-50% stake. The capital is expected by December, after which the lender plans to reassess its products and strategy to accelerate grow…
Aditya Birla Grp to invest Rs 3,080 cr in fin services arm, IFC to pump Rs 920 cr
Aditya Birla Capital is raising Rs 4,000 crore for future growth. The Aditya Birla Group will invest Rs 3,080 crore and IFC will invest Rs 980 crore. This capital infusion will fund growth objectives, including lending and investments. The company aims to exp…