The CCI cleared the acquisition by Google International LLC (Google) of approximately 7.73% of the equity share capital in Jio Platforms Limited (Jio Platforms), a subsidiary of Reliance Industries Limited (RIL). Google group entities also entered into a commercial agreement with Jio Platforms to collaborate and develop new low- cost smartphones and a customised operating system for such devices. In making its
Share on
|
|
The Indian Competition Authority clears acquisition by a Big Tech company of a minority shareholding in its commercial partner for new low-cost smartphones (Google / Jio Platforms)
Access to this article is restricted to subscribers
Already Subscribed? Sign-in
Access to this article is restricted to subscribers.
Read one article for free
Sign-up to read this article for free and discover our services.
