Jio Financial share price rises 3% as BofA announces stake acquisition in Jio Credit for Rs 18,268 crore

$JIOFIN l Share Price: Shares of Mukesh Ambani-led Jio Financial Services Ltd rose nearly 3 per cent on Thursday after the company announced that Bank of America (BofA) will invest up to Rs 18,268.22 crore (USD 1.9 billion) in its lending arm, Jio Credit Ltd. At 9:30 am, Jio Financial Services was trading 0.3 per cent, or Rs 0.85, higher at Rs 257.25 on the NSE. The stock had earlier climbed as much as 2.9 per cent to Rs 263.40 before paring gains. (Jio Financial Share Price) In contrast, shares of Reliance Industries Ltd (RIL) fell 1.5 per cent, or Rs 19.40, to Rs 1,309.60. SEBI-registered research analyst Kunal Bothra has recommended a BUY on the RIL stock. (Reliance Industries Share Price, RIL share price)