New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Reliance Consumer Products (RCPL), the fast-moving

    consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), has acquired a controlling stake in Lotus Chocolate Company Ltd. How much percent has RCPL acquired in the company? 
    A 42 percent Correct Answer Incorrect Answer
    B 49 percent Correct Answer Incorrect Answer
    C 51 percent Correct Answer Incorrect Answer
    D 55 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Reliance Consumer Products (RCPL), the fast-moving consumer goods (FMCG) arm of Reliance Retail Ventures (RRVL), has acquired a controlling stake in Lotus Chocolate Company Ltd. RCPL completed the acquisition of a 51 percent shareholding in Lotus Chocolate for an aggregate consideration of Rs 74 crore and subscribed to Lotus non-cumulative redeemable preference shares for an aggregate consideration of Rs 25 crore.

    Practice Next

    Relevant for Exams: