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Competition Commission of India approves Facebook Jio deal

Jun, 25, 2023 Hi-network.com

The Competition Commission of India (CCI) has approved Facebook's purchase of a 9.9% stake in Jio Platforms for Rs 43 574 crore (*a crore denotes ten million). This deal is expected to strengthen Facebook's presence in India and reduce the debt of Reliance Industries Ltd (RIL).

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