New RBI Grade B Notification Coming Soon... Prepare with Us!! Click here to enroll

    Register

    Question

    Qatar Investment Authority (QIA) will invest Rs 8,278 crore ($1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, for a _________ stake on a fully diluted basis.

    A 0.77 percent Correct Answer Incorrect Answer
    B 0.81 percent Correct Answer Incorrect Answer
    C 0.99 percent Correct Answer Incorrect Answer
    D 1.23 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Qatar Investment Authority (QIA) will invest Rs 8,278 crore ($1 billion) in Reliance Retail Ventures Ltd (RRVL), the retail arm of Mukesh Ambani-led Reliance Industries, for a 0.99 percent stake on a fully diluted basis. The investment, through a wholly owned subsidiary of QIA, will be made at a valuation of Rs 8.28 trillion ($100 billion).

    Practice Next
    ×
    ×