Facebook floats new entity ‘Jaadhu’ to acquire Jio Platform’s stake

Facebook will acquire a 9.9 percent stake in Jio Platforms announced last month via a new entity — Jaadhu Holdings, LLC — as per regulatory documents.In April, Facebook had announced an investment of $5.7 billion (Rs 43,574 crore) in Jio Platforms.According to a submission made to the Competition Commission of India (CCI), Jaadhu Holdings, LLC is an indirect wholly-owned subsidiary…
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