CCI to review Facebook's purchase of 10% stake in Reliance Jio

The US social media giant's $5.7 billion investment in Reliance's digital unit is the biggest among a string of investments amounting to $13.7 billion into Jio Platforms, controlled by Mukesh Ambani

The antitrust watchdog is reviewing Facebook’s purchase of a 10 per cent stake in Reliance Industries’ (RIL) digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing internet markets.

The Competition Commission of India (CCI) looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said in an email interview, declining to comment further on the Facebook-Jio transaction pending examination. The regulator is also considering whether new parameters should be included in its assessment criteria. “Currently, some mergers and acquisitions escape the threshold for scrutiny even