Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 618)

2019-08-31 Business

618.

Which two automobile companies are going to acquire stake in each other?

Toyota and Suzuki

Tata Motors and Hyundai

Tata Motors and Toyota

Toyota and Hyundai

Answer: Option

Explanation:

As part of a capital alliance agreement, Toyota will acquire 2.4 crore shares of common stock in Suzuki (4.94 per cent stake) for 96 billion yen (over Rs 6,510 crore), while Suzuki plans to acquire shares in Toyota equivalent to 48 billion yen (around Rs 3,255 crore).