Name the Indias Non Banking Financial Company which will acquire up to 58.2% stake in Sri Lankas Ideal Finance for LKR 2 billion.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the India’s Non Banking Financial Company which will acquire up to 58.2% stake in Sri Lanka’s Ideal Finance for LKR 2 billion.

A	L & T Finance
B	Aditya Birla Finance Limited
C	Bajaj Finserv
D	Mahindra & Mahindra Financial Services

Explanation:

Detailed explanation-1: -NEW DELHI : Mahindra & Mahindra Financial Services (Mahindra Finance ) on Tuesday said it has entered into a joint venture deal with Sri Lanka’s Ideal Finance to acquire up to 58.2% stake in the company for LKR 2 billion (nearly Rs80 crore).

Detailed explanation-2: -They are Sarvodaya Development Finance PLC, Dialog Finance PLC, Asia Asset Finance PLC, Lanka Credit and Business Finance PLC, People’s Merchant Finance PLC, Softlogic Finance PLC, Merchant Bank of Sri Lanka & Finance PLC, UB Finance Co.

Detailed explanation-3: -Shriram Finance Limited has been established as the largest retail Non-Banking Financial Company (NBFC) in India, post the merger with Shriram Transport Finance Company (the largest financier of commercial vehicles), and Shriram City Union Finance (the largest financier of two-wheelers).

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