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

In Which District of Uttar Pradesh is the Tomb of Bahu Begum Located?

The Tomb of Bahu Begum is a historical monument located in Uttar Pradesh. It was…

33 mins ago

List of International Recognition Awards to PM Modi

Prime Minister Narendra Modi has earned numerous international awards over the years, reflecting his diplomatic…

35 mins ago

Third Fastest List-A Century Anmolpreet’s Record Breaking Knock

Punjab's top order batter, Anmolpreet Singh, scripted a history by scoring a third fastest List…

54 mins ago

Epigamia Co-Founder Rohan Mirchandani Passes Away 42

Rohan Mirchandani, the co-founder of the popular brand Epigamia, tragically passed away at the age…

1 hour ago

India Clinches Women’s U19 T20 Asia Cup title

India clinched the inaugural U10 Women's Asia cup T20 title by defeating Bangladesh by 41…

2 hours ago

Govt Infuses ₹500 Cr in IFCI to Boost Financial Health

The Indian government has decided to infuse ₹500 crore into the state-owned Industrial Finance Corporation…

2 hours ago