CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Suguna Foods Private Limited signed $15 million deal with which organisation?
A
World Bank
B
RBI
C
ADB
D
NABARD
Explanation: 

Detailed explanation-1: -The Asian Development Bank (ADB) has signed an agreement for $15 million of debt financing through the subscription of nonconvertible debentures for Suguna Foods Private Limited (Suguna).

Detailed explanation-2: -Soundararajan Bangarusamy is an Indian businessman who is the managing director of Suguna Holdings Private Limited (SHPL), the holding company for the Suguna group of companies. The group is among the most renowned groups in India.

Detailed explanation-3: -Madhu Meharia - CEO - Suguna Foods Limited | LinkedIn.

Detailed explanation-4: -B. Soundararajan and Mr. G. B. Sundararajan were the founders of Suguna Foods.

Detailed explanation-5: -It’s a private unlisted company and is classified as’company limited by shares’.

There is 1 question to complete.