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    Question

    Reliance Industries has acquired _____% stake in Purple

    Panda Fashions Pvt Ltd for Rs 950 crore.
    A 25 Correct Answer Incorrect Answer
    B 48 Correct Answer Incorrect Answer
    C 75 Correct Answer Incorrect Answer
    D 89 Correct Answer Incorrect Answer
    E 95 Correct Answer Incorrect Answer

    Solution

    Reliance Industries has acquired an 89% stake in Purple Panda Fashions Pvt Ltd for Rs 950 crore. Purple Panda Fashions operates Clovia, brand of innerwear and loungewear for women. Purple Panda Fashions was started in 2013 by entrepreneurs Neha Kant, Pankaj Vermani and Suman Chowdhury.

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