Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.10)

10. 

Which Indian company is set to acquire Mumbai based private sector general insurer Raheja QBE General Insurance Company Limited in a deal worth around $76 million?

[A]. Myntra
[B]. Paytm
[C]. Flipkart
[D]. Phonepe

Answer: Option B

Explanation:

Indian e-commerce payment system Paytm & QorQl Pvt. Ltd, a Healthcare startup company with majority shareholding of Paytm founder Vijay Shekhar Sharma, is set to acquire Mumbai (Maharashtra)-based private sector general insurer Raheja QBE General Insurance Company Limited in a deal worth around $76 million (or Rs 570 crore). Raheja QBE is a joint venture of India's Prism Johnson (51%) and QBE Australia (49% ).

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