๐Ÿ“ข Too many exams? Donโ€™t know which one suits you best? Book Your Free Expert ๐Ÿ‘‰ call Now!


    Question

    Which bankย  will acquire 100 percent equity shares of

    Sonata Finance Pvt Ltd, from its existing shareholders for Rs 537 crore?
    A Axis Bank Correct Answer Incorrect Answer
    B Punjab National Bank Correct Answer Incorrect Answer
    C Kotak Mahindra Bank Correct Answer Incorrect Answer
    D HDFC Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Kotak Mahindra Bank will acquire 100 percent equity shares of Sonata Finance Pvt Ltd, a non-banking financial company-microfinance institution (NBFC-MFI), from its existing shareholders for Rs 537 crore. This acquisition will enable the bank to scale up its operations in the rural and semi-urban markets in the northern states of India.

    Practice Next
    More Beepedia Questions
    ask-question