The parties named in the transaction filed with CCI are Google International LLC (GIL) and Jio Platforms(JPL). ET was the first to break the story in in its July 22 edition that Google will need CCI approval for its investment.
On July 15, search giant Google became the 13th investor to pick up a stake in Jio Platforms, the telecom and digital unit of Reliance Industries. The investment will be from Google’s recently announced $10 billion India digitisation fund and will make it the second largest minority investor in Jio Platform after arch rival Facebook. Google will also get a board seat, like Facebook, according to another person familiar.
While announcing the deal last week, Google and Reliance had said the investment would need regulatory approval but didn’t specify the need for a CCI clearance, like it had in the FB announcement. The two had also not mentioned about Google getting a board seat in Jio Platforms.