Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.14)

14. 

Which company has decided to acquire about 25% stake in India's second largest telecom company Bharti Airtel's data centre business -Nxtra Data Ltd- for $235 million?

[A]. General Electric
[B]. Wal-Mart
[C]. Carlyle Group
[D]. General Motors

Answer: Option C

Explanation:

American multinational private equity company Carlyle Group has decided to acquire about 25% stake in India's second largest telecom company Bharti Airtel's data centre business -Nxtra Data Ltd- for $235 million (about ?1,780 crore) through a company called Comfort Investments II, which is an affiliated entity of CAP V Mauritius Ltd., an investment fund managed and advised by affiliated firms of the Carlyle.

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