Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.112)

112. 

Aramco, a oil producing gaint of Saudi Arabia is going to buy 20% of the stake of oil amd petrochemical business of which of the following companies?

[A]. TCS
[B]. Pepsi
[C]. Vedanta
[D]. RIL

Answer: Option D

Explanation:

Speaking at RIL's 42th annual general meeting on Monday, Chairman Mukesh Ambani announced that Aramco has agreed to take a 20 per cent stake in the company's oil refinery and chemical business at an enterprise value of $75 billion (around Rs 5.32 lakh crore). This is among the largest foreign investments in India.

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