CCI okays Google acquiring 7.73% equity share capital of Jio Platforms

According to reports, Google’s proposed investment is worth $4.5 billion The Competition Commission of India (CCI) has given its nod to Google’s proposed investment of $4.5 billion in Jio Platforms. In July, Google had said it would be investing for a 7.73% stake in Jio. Both the entities are planning to come up with a customised-version of the Android mobile operating system in order to come up with low-cost smartphones, media networks have said.