2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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CIL is to acquire how much percent in Ki Mobility solutions?
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7%
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8%
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7.09%
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9.02%
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Explanation:
Detailed explanation-1: -Leading automotive and industrial lubricants maker Castrol India Ltd . on Wednesday announced the completion of the acquisition of a 7.09 percent stake in ki Mobility Solutions Pvt. Ltd.
Detailed explanation-2: -Automotive lubricant maker, Castrol India plans to enter the electric vehicle (EV) segment. The company management said it plans to invest ₹500 crore to set up a global battery R&D centre. The centre will focus on thermal management solutions for EV batteries, and is expected to be ready by 2024.
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