CCI approves acquisition of stake in Jio Platforms by Jaadhu

The Competition Commission of India (CCI) has approved the acquisition of stake in Jio Platforms Limited by Jaadhu Holdings LLC. Jaadhu Holdings LLC will acquire approximately 9.99% stake in Jio Platforms.

Boost your General Awareness Knowledge with Adda247 Live Batch: TARGET GA BATCH | SBI Clerk Mains & RBI Assistant Mains Exams

Jaadhu Holdings LLC (Jaadhu) is a newly incorporated company and an indirect wholly owned subsidiary of Facebook, which is a publicly traded company listed on NASDAQ, with headquarters in California, United States of America. Jio Platforms Limited is a subsidiary of Reliance Industries Limited and runs digital applications and holds controlling investments in technology related units. It exists under the laws of the Republic of India and aims to provide high-quality and affordable digital services across India.

Find More Business News Here