CCI approves acquisition of 7.73% equity share capital of Jio by Google LLC

Google LLC is a Delaware limited liability company and a wholly-owned subsidiary of Alphabet Inc.

The Competition Commission of India (CCI) approves acquisition of 7.73% equity share capital of Jio Platforms Limited (JPL) by Google International LLC (GIL) under Section 31(1) of the Competition Act, 2002.

GIL is a wholly-owned subsidiary of Google LLC(collectively with all Google LLC subsidiaries, Google). Google LLC is a Delaware limited liability company and a wholly-owned subsidiary of Alphabet Inc. GIL is a holding company and does not own/operate any of Google's products/ services.

JPL is a subsidiary of Reliance Industries Limited, which holds the majority of its issued equity share capital. JPL along with its subsidiaries primarily offers / will offer digital products/services, including wireless, home broadband and enterprise broadband services, telecommunication services, mobile applications, various digital platforms, back-end technology services for eCommerce entities and other miscellaneous software and technology-related services.

(With Inputs from PIB)