Facebook's 9.99% stake purchase in Jio Platforms gets CCI nod
BCCL / Business Insider India
- The Competition Commission of India has approved Facebook’s $5.7 billion acquisition in Jio Platforms.
- The social media giant has acquired 9.99% in Mukesh Ambani-led Jio Platforms.
The acquisition was to be done through Jaadhu Holdings LLC.
In a tweet, the CCI said it has approved "acquisition of 9.99 per cent stake in Jio Platforms by Jaadhu Holdings LLC".
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