Google's Stake Purchase In Airtel Gets CCI's Nod
The Competition Commission of India (CCI) has given its nod to tech giant Google's proposed acquisition of a minority and non-controlling stake of 1.28 percent of the equity capital of Bharti Airtel Limited. As per the report, the deal has been cleared on the basis of modifications offered by the acquirer. Apart from the investment agreeement, both companies through their affiliates have also entered into certain commercial deals.
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