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Google to approach CCI for approval on Rs 33,737 crore deal with Jio Platforms - business news
Google to approach CCI for approval on Rs 33,737 crore deal with Jio Platforms – business news
Tech giant Google will approach the Competition Commission of India (CCI) to seek approval for its Rs 33,737 crore investment in Jio Platforms for a 7.73% stake, according to sources.
Google plans to approach the CCI for approval on the deal in the next two weeks, according to the sources privy to the development.
When contacted, Google and Reliance Jio did not comment on the matter.
The…
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Google to Invest Rs. 33,737 Crores for 7.7 Percent Stake in Jio Platforms: Mukesh Ambani
Google to Invest Rs. 33,737 Crores for 7.7 Percent Stake in Jio Platforms: Mukesh Ambani
Google will pick up 7.7 percent stake in Reliance Industries’ technology venture for Rs. 33,737 crores, richest Indian Mukesh Ambani said on Wednesday.
“We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs. 33,737 crores for a 7.7 percent stake in Jio Platforms,” Ambanisaid…
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