Question

    Saudi Arabia's Public Investment Fund (PIF) invested how much amount to acquire 2.04% stake in Reliance Retail? 

    A ₹ 8,555 crore Correct Answer Incorrect Answer
    B ₹ 9,555 crore Correct Answer Incorrect Answer
    C ₹ 7,555 crore Correct Answer Incorrect Answer
    D ₹ 6,555 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The Public Investment Fund (PIF) of Saudi Arabia has revealed that it will be investing ₹9,555 crore for a 2.04% stake in Reliance Industries Ltd (RIL). This investment will strengthen the PIF’s presence in the Indian economy retail management.

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