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Question

ICICI Bank, has notified that it is going to increase its stake in ICICI Lombard General Insurance by four percent in multiple tranches.At present, the bank owns _____ in the general insurance arm.

A 45.11 percent Correct Answer Incorrect Answer
B 47.34 percent Correct Answer Incorrect Answer
C 48.02 percent Correct Answer Incorrect Answer
D 50.67 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

   ICICI Bank, has notified that it is going to increase its stake in ICICI Lombard General Insurance by four percent in multiple tranches.  At present, the bank owns 48.02 per cent in the general insurance arm. The Bank would acquire at least 2.5 per cent stake of the above four per cent by September 9, 2024.

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