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      Question

      Zurich Insurance Group will acquire how much percent

      stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore through a combination of fresh capital infusion and share purchase?
      A 35 percent Correct Answer Incorrect Answer
      B 44 percent Correct Answer Incorrect Answer
      C 51 percent Correct Answer Incorrect Answer
      D 68 percent Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Zurich Insurance Group will acquire a 51 per cent stake in Kotak Mahindra General Insurance Company for about Rs 4,051 crore through a combination of fresh capital infusion and share purchase. Zurich Insurance intends to acquire an additional 19 per cent stake within three years of closing the deal, which will take its holding in the Indian general insurance firm to 70 per cent.

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