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  • CCI approves acquisition of 9.99% stake in Jio Platforms by Jaadhu Holdings LLC

    Published on June 24, 2020

    The Competition Commission of India (CCI) has approved acquisition of 9.99 per cent stake in Jio Platforms by Jaadhu Holdings LLC.

    Jaadhu is an indirect wholly owned subsidiary of Facebook. It is a newly incorporated company formed in March this year under the laws of the State of Delaware in United States.

    Whereas, Jio Platforms is a company organised and existing under the laws of India, and is a subsidiary of Reliance India Limited.

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