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.

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 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 ecommerce entities and other miscellaneous software and technology related services.

Detailed order of the Commission will follow.

Competition approval for Google's acquisition of minority equity in Jio Platforms under merger control, detailed order to follow. The Competition Commission of India approved the proposed acquisition by Google International LLC of a minority equity stake in Jio Platforms Limited under Section 31(1) of the Competition Act, 2002, treating the transaction as a notifiable combination. Google International LLC is described as a holding company and wholly owned subsidiary of Google LLC. Jio Platforms Limited is a subsidiary of Reliance Industries Limited offering digital, telecommunications and technology services. A detailed order will follow.