2022
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
CIL is to acquire how much percent in Ki Mobility solutions?
|
7%
|
|
8%
|
|
7.09%
|
|
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.