CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
CIL is to acquire how much percent in Ki Mobility solutions?
A
7%
B
8%
C
7.09%
D
9.02%
Explanation: 

Detailed explanation-1: -It will offer potential for ki Mobility Solutions to globalize in select markets beyond India via its ‘myTVS’ digital platform. CIL will acquire a 7.09% stake in KMS with a planned investment of up to INR 487.5 crore, marking CIL’s largest all-cash deal till date.

Detailed explanation-2: -On 25 November 2022, Castrol India had announced its plans to acquire 7.09% stake in ki Mobility with a planned investment of upto Rs 487.5 crore.

Detailed explanation-3: -Sandeep Sangwan is the Managing Director of Castrol India Limited since January 2020.

There is 1 question to complete.