Question
The Strategic Debt Restructuring scheme,
……………. in June, 2015, involved banks taking over companies by converting debt ……….. equity, replacing the promoters and thereafter selling their equity ……………. to new investors. In the following sentences, there are three blanks. Find out the appropriate words for filling up the blanks.Solution
The passage revolves around the announcement of the Strategic Debt Restructuring scheme and what it involves. Only option c has the word unveiled which means to show or announce publicly for the first time.' Into' and 'holdings' also fit the context perfectly. Other options have one or two words that do not fit into the context and convey the meaning with clarity.
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