Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 281)

2023-11-06 Business

281.

Which Indian company acquired Mercator Petroleum for approximately Rs 148 crore?

Reliance Industries

Tata Consultancy Services

Indian Oil Corporation

Infosys

Answer: Option

Explanation:

Indian Oil Corporation (IOC), a state-owned company, has bought Mercator Petroleum Limited (MPL) for about Rs 148 crore in an insolvency proceeding. The National Company Law Tribunal (NCLT) approved the deal under the Insolvency and Bankruptcy Code, 2016.