Google files for CCI approval to buy a stake in Jio platform
Google plans to invest Rs 33,737 Cr in Jio Platforms for a 7.73% stake in the company
This is Google’s first and biggest investment in India via its $10 Bn worth India Digitisation Fund
Google is making the investment through Google International LLC, its subsidiary
The funding will cater to manufacturing a new smartphone in India
Outside this transaction, Google and Jio will continue with their business activities independently
