CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Who has resigned from his post as director from Reliance Naval and Engineering Limited (RNAVAL)?
A
Bhavesh Prataprai Gandhi
B
Mukesh Ambani
C
Debashis Bir
D
Anil D.Ambani
Explanation: 

Detailed explanation-1: -Anil Ambani Resigns As Director Of Reliance Power, Reliance Infra.

Detailed explanation-2: -As on September 30, 2022, nearly 194, 000 small investors held shares of RNEL. As per the approved resolution plan, the SPV will hold 94.91% of the new entity, while the existing shareholders will hold 5.09% equity.

Detailed explanation-3: -Swan Energy Ltd, which last month acquired erstwhile Anil Ambani group company Reliance Naval & Engineering (RNEL), plans to turn itself into the biggest private player in the manufacture of naval defence and oil and gas vessels.

Detailed explanation-4: -Once RNAVAL is acquired, the company will have a new and robust sector at its behest, the company’s management said. Shares of Swan Energy rallied 8 per cent on the BSE to hit a lifetime high of Rs 339 in Tuesday’s intra-day trade on the back of heavy volumes.

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