The Competition Commission of India 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.

Jaadhu Holdings LLC (Jadu) is newly incorporated company and an indirect wholly owned subsidiary of Facebook, which is a publicly traded company NASDAQ, listed on with headquarters in California, United States of America. Jio Platforms Limited is subsidiary of Reliance Industries Limited and runs digital applications and holds controlling investments in technology related units.