CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank acquired a minority stake in JSW Cement for Rs 100 crore?
A
ICICI
B
PNB
C
RBI
D
SBI
Explanation: 

Detailed explanation-1: -The State Bank of India (SBI) has acquired a minority stake in JSW Cement Limited, part of USD 13 billion JSW Group.

Detailed explanation-2: -MUFG Bank is committed to empowering companies pursuing such sustainable goals in its operations. This landmark financing further reaffirms JSW Cement’s status as a pioneer in making sustainable cement available to every Indian consumer and MUFG Bank supporting this ambition.

Detailed explanation-3: -Parth Jindal is the Managing Director of JSW Cement Limited, Managing Director of JSW Paints Private Limited, Founder of JSW Sports and is the Chairman and Co-Owner of IPL team Delhi Capitals.

Detailed explanation-4: -JSW Group, formerly known as Jindal South West (JSW), is an Indian business conglomerate diversified in steel, mining, energy, infrastructure, and software business.

There is 1 question to complete.