Question
Which company signed a Share Purchase Agreement to
acquire a 32.72% stake in India Cements Limited at Rs 390 per share in July 2024?ÂSolution
Ultra Tech Cement Limited, part of the Aditya Birla group, agreed to purchase a 32.72% additional stake in India Cements for Rs 3,954 crore at Rs 390 per share on 28th July 2024. This acquisition will increase UltraTech's total stake to 55.49%, making India Cements a subsidiary of UltraTech. The acquisition price was 4.1% higher than the closing share price of India Cements on 26th July 2024.
Which of the following statements about the RBI's Financial Inclusion Index (FI-Index) is correct?
1. The FI-Index rose to 64.2 in March 2024, in...
The age limit for the Mukhyamantri Majhi Ladki Bahin Yojana was recently extended to 65 years. This scheme is associated with which state?
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According to Brand Finance India 100 2023,which company has retained its top position as the most valuable brand in India?Â
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