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CCI sanctions acquisition of share capital of Jio Platforms by Google International

Thursday, 12 Nov 2020
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The Competition Commission of India (CCI) has approved acquisition of 7.73 percent equity share capital of Jio Platforms (JPL) by Google International (GIL) under Section 31(1) of the Competition Act 2002. 
 
GIL is a wholly-owned subsidiary of Google. Google is a Delaware-based limited liability company and a wholly-owned subsidiary of Alphabet. GIL is a holding company and does not own/operate any of Google’s products/services. 
 
JPL is a subsidiary of Reliance Industries, which holds the majority of its issued equity share capital.
 
JPL, along with its subsidiaries,will primarily 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.
 
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