In April, Facebook announced an investment of $5.7 billion (Rs 43,574 crore) in Jio Platforms. The acquisition was to be done through Jaadhu Holdings LLC.
The Competition Commission of India (CCI) on Wednesday said it has approved Facebook's proposed acquisition of 9.99% stake in Jio Platforms.
In April, Facebook announced an investment of $5.7 billion (Rs 43,574 crore) in Jio Platforms. The acquisition was to be done through Jaadhu Holdings LLC.
In a tweet, the CCI said it has approved "acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC".
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