Question
Which bank will acquire 100 percent equity shares of
Sonata Finance Pvt Ltd, from its existing shareholders for Rs 537 crore?Solution
Kotak Mahindra Bank will acquire 100 percent equity shares of Sonata Finance Pvt Ltd, a non-banking financial company-microfinance institution (NBFC-MFI), from its existing shareholders for Rs 537 crore. This acquisition will enable the bank to scale up its operations in the rural and semi-urban markets in the northern states of India.
A company has Net Sales of ₹1,000 lakhs, Net Profit of ₹80 lakhs, Total Assets of ₹750 lakhs, and Equity of ₹250 lakhs.
Calculate Return ...
During hard market conditions, insurers tend to raise premiums and restrict coverage due to past underwriting losses. What phase does this describe in t...
Which one of the errors is disclosed by Trial Balance?
A company has a paid-up share capital of ₹80 lakh and free reserves of ₹120 lakh. It plans to buy back 25% of its paid-up equity shares. The face va...
How many posthumous gallantry awards were conferred during Defence Investiture Ceremony 2025 (Phase-I)?
______ is levied on the import of goods and/or services.
All else being equal, an infusion of additional equity capital into a company will generally:
Money market is a market for ___ (1) ___ funds having maturity of ___ (2) ___.
Which of the following expenditure should NOT be recognized as intangible asset as per AS 26?
An insurance company earned gross premium of ₹120 crore, of which ₹20 crore was unearned at year end. Claims incurred were ₹65 crore. Calculate th...
Relevant for Exams:
