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Google files for CCI approval to buy a stake in Jio platform

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

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