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Google files for CCIapproval for stake buy in Jio platform

Shortpedia

Content Team
Image Credit: shortpedia

Internet tech giant Google has filed for approval from the Competition Commission of India (CCI), India’s antitrust watchdog, for its INR 33,737 Cr investment in Jio Platforms for a 7.73% stake in the company. As per the filing with the CCI, Google is making the investment through Google International LLC, a wholly-owned subsidiary of Google LLC. Jio Platforms, in turn, is a subsidiary of Reliance Industries Limited.