New Free Workshop on RBI Grade B Descriptive Answer Writing - Join Us!
Register

Question

Which automobile company recently acquire an additional 17.41 percent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore?

A TATA Correct Answer Incorrect Answer
B Maruti Suzuki Correct Answer Incorrect Answer
C KIA Correct Answer Incorrect Answer
D Mahindra and Mahindra Correct Answer Incorrect Answer
E None of the above Correct Answer Incorrect Answer

Solution

Acquisition-Mahindra & Mahindra(M&M) Ltd will acquire an additional 17.41 percent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in increasing the company's stake in Swaraj Engines Ltd (SEL) to 52.13 percent from 34.72 percent. Mahindra & Mahindra Headquarters: Mumbai CEO: Anish Shah

Practice Next
×
×