New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    SBI Mutual Fund disclosed its intention to acquire a

    specific share percentage in IndusInd Bank, along with an equivalent percentage of voting rights. What is the share percentage that SBI MF is aiming to acquire?
    A 5% Correct Answer Incorrect Answer
    B 7% Correct Answer Incorrect Answer
    C 10% Correct Answer Incorrect Answer
    D 11% Correct Answer Incorrect Answer
    E 15% Correct Answer Incorrect Answer

    Solution

    This move was disclosed through a regulatory filing on October 11. This enables SBI MF to not only acquire a 9.99% share in IndusInd Bank but also an equivalent percentage of voting rights. The RBI has advised SBI MF to complete this major shareholding acquisition within a year, by October 10, 2024.

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