The Competition Commission of India (CCI) on Wednesday said it has approved internet major Google's proposed purchase of 7.73% stake in Jio Platforms.
In July, it was announced that Google has agreed to invest ₹33,737 crore to buy a 7.7% stake in Reliance Industries' technology venture.
"Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google," the watchdog said in a tweet.
Deals beyond a certain threshold require approval from the CCI, which keeps a tab on unfair business practices across sectors.
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