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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