Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 541)

2020-08-07 Business

541.

Oman India Joint Investment Fund Acquired how much percentage of stake in DCB Bank?

1.63%

1.33%

1.50%

2.00%

Answer: Option

Explanation:

Oman India Joint Investment Fund(OIJIF) II acquired 5.07 million (50,69,903) shares or 1.63% stake in DCB Bank Limited(DCB Bank)through a block trade (bulk deal) on stock exchanges. The stake is valued at Rs 42 crore. The shares were purchased at an average price of Rs 81.90 valuing the transaction at Rs 41.52 crore.