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)?

Which company will acquire 9.9 per cent stake in Jio Platforms via a n

1.	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» 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.