2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which Abu Dhabi-based company is all set to buy 1.85% stake in jio Platforms, a wholly-owned subsidiary of Reliance Industries, for Rs 9, 093.60 crore?
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Mubadala
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Rotana
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ESNAAD
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Zakum Development Company
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Explanation:
Detailed explanation-1: -The AIDA deal comes within days of Abu Dhabi sovereign wealth fund Mubadala Investment Co picking up 1.85 per cent in Jio Platforms for Rs 9, 093.60 crore on June 5.
Detailed explanation-2: -Facebook picked 9.99 per cent stake in Jio Platforms at an enterprise value of Rs 4.62 trillion. “Jio Platforms Limited has allotted equity shares to Jaadhu Holdings following which Jaadhu Holdings holds 9.99 per cent of the fully diluted equity share capital of Jio Platforms Limited, ” the filing said.
Detailed explanation-3: -Xiaomi India, a Chinese technology giant has announced its collaboration with Reliance Jio to offer 5G experience to their customers.
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