Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 886)

2019-04-07 Business

886.

Who get an approval from CCI to acquire up to 66.15% stake in Mindtree?

Tata Group

Shapoorji Pallonji Group

Hindustan Unilever

Larsen & Toubro

Answer: Option

Explanation:

The Competition Commission of India (CCI) approved engineering and construction major Larsen & Toubro's (L&T's) proposal to acquire up to 66.15% stake in Mindtree. With this nod, L&T has overcome the first major regulatory hurdle in its bid for 'hostile' takeover of the Bengaluru-headquartered IT services firm.