CCI: CCI clears Google shopping for 7.7% stake in Reliance Jio – Most up-to-date News

The Competitiveness Fee of India (CCI) on Wednesday explained it has permitted web significant Google’s proposed invest in of 7.73 for every cent stake in Jio Platforms. In July, it was introduced that Google has agreed to invest Rs 33,737 crore to buy a 7.7 for every cent stake in the Reliance Industries’ technologies venture.

“Fee approves acquisition of 7.73% fairness share cash of Jio Platforms by Google,” the watchdog stated in a tweet.

Specials outside of a selected threshold call for approval from the CCI, which retains a tab on unfair company procedures across sectors.

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