Question
Life Insurance Corporation of India (LIC) has ended up
with a_______ stake in Jio Financial Services (JFS) with the insurer’s stake in JFS valued at Rs 10,030 crore.Solution
Life Insurance Corporation of India (LIC) has ended up with a 6.66 per cent stake in Jio Financial Services (JFS). The insurer’s stake in JFS is valued at Rs 10,030 crore, while that in RIL stands at around Rs 1.1 trillion.
An owner of a business has invested Rs 10,00,000 in business. He wants a 15% ROI on his money. From an analysis of recent cost figures, he finds that hi...
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