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  • Question
  • BNP Paribas Cardif has sold 5 crore shares of which life insurance company for Rs 2,889 crore?


  • Options
  • A. Max Life Insurance
  • B. SBI Life Insurance
  • C. Bharti AXA General Insurance
  • D. HDFC Life

  • Correct Answer
  • SBI Life Insurance 

    Explanation
    The foreign partner of SBI Life Insurance, BNP Paribas Cardif has sold 5 crore shares of the company for Rs 2,889 crore to increase its public shareholding to 25% of its paid-up equity share capital on or before October 2, 2020. This sale has not undertaken as per the methods prescribed by SEBI for achieving the minimum public shareholding (MPS) Threshold.The average price of equity share during the sale was Rs 577.93 per equity share.On the other hand, Canada Pension Plan Investment Board has bought 2 crore shares at an average price of Rs 577.50 per shares.

  • More questions

    • 1. By what percent does the bank credit grows for the financial year 2018-19, as per the Reserve Bank of India(RBI)?

    • Options
    • A. 12.24%
    • B. 12.54%
    • C. 13.24%
    • D. 13.54%
    • Discuss
    • 2. EV charging stations to be established in which Indian city?

    • Options
    • A. Bengaluru
    • B. Kolkata
    • C. Chennai
    • D. Hyderabad
    • Discuss
    • 3. Union government launched the Blue Revolution programme at a total expenditure of what amount?

    • Options
    • A. Rs 48000 lakh
    • B. Rs 52000 lakh
    • C. Rs 55000 lakh
    • D. Rs 62000 lakh
    • Discuss
    • 4. Union Minister for Urban development and housing M. Venkaiah Naidu launched which of the following app with MSEFC portal?

    • Options
    • A. MyMSME
    • B. MKisan
    • C. MEAIndia
    • D. mKavach
    • Discuss
    • 5. Who has been appointed as the Member of the Commonwealth Secretariat Arbitral Tribunal of London?

    • Options
    • A. Anantkumar Surendraray Dave
    • B. K. G. Balakrishnan
    • C. K. S. Radhakrishna Panicker
    • D. S. J. Mukhopadhaya
    • Discuss
    • 6. The Union government has launched a new comprehensive scheme to boost the development of which sector?

    • Options
    • A. Handloom
    • B. Powerloom
    • C. Tourism
    • D. Education
    • Discuss
    • 7. Carme Chacon, who passed away recently, was the Defence Minister of which European country?

    • Options
    • A. France
    • B. Germany
    • C. Italy
    • D. Spain
    • Discuss
    • 8. Name the director who was the first African American and the youngest-ever film-maker nominated in Oscar Awards, passed away recently.

    • Options
    • A. Denise LaSalle
    • B. Frankie Muse Freeman
    • C. John Singleton
    • D. Edwin Hawkins
    • Discuss
    • 9. Name of the musician who won the special lifetime achievement award from the Music Academy?

    • Options
    • A. Lalgudi G Jayaraman
    • B. Kamala Lakshminarayanan
    • C. Hariprasad Chaurasia
    • D. Vikku Vinayakram
    • Discuss
    • 10. IMF Cuts India's GDP Growth Forecast is __________.

    • Options
    • A. 7.3%
    • B. 7.4%
    • C. 7.2%
    • D. 7.5%
    • Discuss


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