New 55% Off on All Courses - Enroll Now! Click Here

    Question

    Which of the following company had buys 89% stake in

    Purple Panda Fashions recently?
    A Reliance Power Correct Answer Incorrect Answer
    B TATA Correct Answer Incorrect Answer
    C NTPC Correct Answer Incorrect Answer
    D Reliance Retail Correct Answer Incorrect Answer
    E Flipkart Correct Answer Incorrect Answer

    Solution

    Mukesh Ambani-controlledReliance Industrieshas acquired an 89% stake in Purple Panda Fashions Pvt Ltd for Rs 950 crore. Purple Panda Fashions was started in 2013 by entrepreneurs Neha Kant, Pankaj Vermani and Suman Chowdhury. The company had raised $4 million in its pre-Series C round of funding, led by SheCapital Venture Fund and Golden Birch Investments in 2020.

    Practice Next