Current Affairs - National - Discussion
Discussion Forum : National - Latest Current Affairs (Q.No. 4820)
4820.
Which company will acquire 9.9 per cent stake in Jio Platforms via a new entity Jaadhu Holdings LLC, which was announced in April 2020 with an investment of $ 5.7 billion (Rs 43,574 crore)?
Answer: Option
Explanation:
As per regulatory documents, Facebook will acquire 9.9 per cent stake in Jio Platforms via a new entity Jaadhu Holdings LLC, which was announced in April 2020 with an investment of $ 5.7 billion (Rs 43,574 crore). Jaadhu is a newly incorporated company formed in March 2020 under the laws of the State of Delaware, US(United States) and is not engaged in any business in India or anywhere.
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