Facebook has assured the Competition Commission of India (CCI) that its investment in Jio Platforms will only involve exchange of limited data related to facilitating e-commerce transactions.
However, CCI has warned both the parties that it can take anti-competitive conduct resulting from data sharing in future.
CCI had approved the acquisition of a 9.99 per cent stake in Reliance Industries Limited (RIL) owned Jio Platforms by Facebook entity Jaadhu for Rs 435.74 billion in June 2020.
