Current Affairs - International - Discussion

Discussion :: International - Latest Current Affairs (Q.No.82)

82. 

US investment firm General Atlantic will be acquiring 1.34% stake in which indian company for around Rs 6600 crore on a fully diluted basis?

[A]. Tech Mahindra
[B]. Reliance Jio
[C]. Bharat Petroleum
[D]. HDFC Bank

Answer: Option B

Explanation:

US investment firm General Atlantic will be acquiring 1.34% stake in Reliance Jio for around Rs 6600 crore on a fully diluted basis. This is the 4th largest investment in Jio platform in last 30 days following the deals done by Facebook, Silver Lake and Vista Equity Partners. With this, the total investment in Mukesh Ambani's Jio platforms now stands at Rs 67,194.75 crore.

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