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    Question

    Why did Reliance Consumer Products (RCPL) acquire

    Velvette?
    A To enter the real estate business in India Correct Answer Incorrect Answer
    B To compete with international luxury brands Correct Answer Incorrect Answer
    C To expand its FMCG portfolio and strengthen personal care products Correct Answer Incorrect Answer
    D To launch a new line of premium cosmetics Correct Answer Incorrect Answer
    E To start a chain of beauty salons across India Correct Answer Incorrect Answer

    Solution

    RCPL acquired Velvette to expand its FMCG portfolio and strengthen its presence in personal care products.

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