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.
Nov 13, Delhi: 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 e-commerce entities and other miscellaneous software and technology-related services.
Detailed order of the Commission will follow.
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