CCI approves Facebook’s investment in Jio via Jaadhu Holdings
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Antitrust watchdog Competition Commission of India has approved Facebook’s proposed investment in Jio Platforms via its newly formed subsidiary Jaadhu Holdings LLC. The commission made the announcement via a tweet on Wednesday. In April, the US-based social media giant had announced a $5.7 billion or Rs 43,574 crore investment in Jio Platforms Limited, part of Reliance Industries Limited, for a minority stake of 9.99%.