Categories: Business

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

Recent Posts

Do You Know Which Country is Known as India’s Teardrop?

Countries around the world often have unique names or titles that reflect their history, culture,…

6 mins ago

International Men’s Day 2024: Date, Theme, History and Significance

International Men's Day (IMD) is an important occasion dedicated to acknowledging and celebrating the contributions…

15 mins ago

G20 Rio Summit 2024: A Focus on Global Challenges and Turbulence

The 19th G20 Summit in Rio de Janeiro concluded with the adoption of the Rio…

24 mins ago

Fastest Growing G20 Economy India’s 7% GDP Growth Tops G20 Chart

India has emerged as the fastest-growing economy among G20 countries, with a projected GDP growth…

28 mins ago

State Bank of India Raises $500 Million via Five-Year Bonds

The State Bank of India (SBI), India's largest lender, has successfully raised $500 million through…

37 mins ago

Guru Ghasidas-Tamor Pingla Tiger Reserve: India’s 56th Tiger Reserve

Union Minister for Environment, Forest and Climate Change, Shri Bhupender Yadav, recently announced the notification…

55 mins ago