CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following company is to be acquired by India Cements Ltd.?
A
Transworld Garnet India Private Limited
B
IGC Mining Private Limited
C
Springway Mining Private Limited
D
NLCI Mining Private Limited
Explanation: 

Detailed explanation-1: -Sankar Cement, Coramandel Cement and Raasi Gold are the brands owned by India Cements.

Detailed explanation-2: -Leading cement manufacturer UltraTech Cement Ltd on Monday, January 30, said it has entered into a share sale and purchase agreement with Seven Seas Company LLC, Oman for acquisition of 70 percent equity shares in Duqm Cement Project International, LLC, Oman for $2.25 million.

Detailed explanation-3: -It was initially run as a strategic business unit of India Cements, but was later demerged to become a wholly-owned subsidiary-Chennai Super Kings Cricket Ltd-in early 2015.

Detailed explanation-4: -In the year 1997 they acquired Aruna Sugars Finance Ltd and renamed it as India Cements Capital & Finance Ltd.

There is 1 question to complete.