2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Canara Bank
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HDFC Bank
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Yes Bank
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Union bank of India
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Detailed explanation-1: -Hinduja Global has revised its offer from Rs 8, 110 crore to approximately Rs 9, 500 crore, which includes a cash component of Rs 8, 800 crore.
Detailed explanation-2: -In the bidding process, the Hinduja Group emerged as one of the top bidders for crisis-ridden Reliance Capital. IndusInd Bank has lent Rs 1, 600 crore to Reliance Capital out of a total debt of Rs 52, 490 crore and is one of the lenders in the consortium that has filed for bankruptcy.
Detailed explanation-3: -Hinduja group on Wednesday won the race for Reliance Capital Ltd with a higest bid of Rs8, 600 crore. According to banking sources, the auction that started on Wednesday morning concluded with Hinduja emerging as the highest bidder for Reliance Capital as a core investment company.
Detailed explanation-4: -In 2006, Reliance Capital Ventures Limited merged with RCL and with this merger the shareholder base of RCL rose from 0.15 million shareholders to 1.3 million.