πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      British insurer Prudential plc announced its plan to

      acquire 75% stake in Bharti Life Insurance Company Limited for what amount?
      A Rs 2,500 crore Correct Answer Incorrect Answer
      B Rs 3,000 crore Correct Answer Incorrect Answer
      C Rs 3,500 crore Correct Answer Incorrect Answer
      D Rs 4,000 crore Correct Answer Incorrect Answer
      E Rs 4,500 crore Correct Answer Incorrect Answer

      Solution

      Prudential plc announced its plan to acquire 75% stake in Bharti Life Insurance Company Limited for an initial Rs 3,500 crore (USD 389 million). Prudential will buy the controlling stake from Bharti Life Ventures Pvt. Ltd (60%) and from 360 ONE Asset Management (15%). Prudential will be required to lower its shareholding in ICICI Prudential Life Insurance below 10% for regulatory approval.

      Practice Next
      ask-question