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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. Arjuna Award winner Raghbir Singh Bhola passed away recently. He belongs to which of the following sport?

    • Options
    • A. Cricket
    • B. Hockey
    • C. Tennis
    • D. Basket Ball
    • Discuss
    • 2. Who gets an approval from the Securities and Exchange Board of India (SEBI) for Stock Broking?

    • Options
    • A. GPay
    • B. PhonePe
    • C. Paytm Money
    • D. MobiKwik
    • Discuss
    • 3. India ranks __________ in Index of Cancer Preparedness.

    • Options
    • A. 19th
    • B. 22nd
    • C. 28th
    • D. 31st
    • Discuss
    • 4. Which nation has decided to end sanctions waivers for all importers of Iranian oil?

    • Options
    • A. Russia
    • B. United Kingdom
    • C. United States
    • D. France
    • Discuss
    • 5. Laurentino "Nito" Cortizo emerged as the President of which of the following country?

    • Options
    • A. Panama
    • B. Cuba
    • C. Belize
    • D. Paraguay
    • Discuss
    • 6. Which country joined with India to produce film on the life of Mujibur Rahman?

    • Options
    • A. Bangladesh
    • B. Pakistan
    • C. Saudi Arabia
    • D. Indonesia
    • Discuss
    • 7. Which ministry launched the Talent Hunt for artists and give them a platform to showcase their talent on the national stage?

    • Options
    • A. Minister of Environment and climate change
    • B. Ministry of culture and tourism
    • C. Ministry of Skill Development and Entrepreneurship
    • D. Ministry of Labour and Employment
    • Discuss
    • 8. The book "Between Two Worlds" - "The Assamese Sikhs" has been authored by whom?

    • Options
    • A. Amrit Lal Nagar
    • B. Aga Shahid Ali
    • C. Abhijit Bhaduri
    • D. Bimal Phukan
    • Discuss
    • 9. The book "The Island of Lost Girls" has been authored by whom?

    • Options
    • A. Kiran Doshi
    • B. Anil Menon
    • C. Manjula Padmanabhan
    • D. Hansda Sowendra Shekhar
    • Discuss
    • 10. The Scientist from this Institute have developed world's Thinnest Material by making usage of Magnesium Diboride.

    • Options
    • A. IIT Indore
    • B. IIT-Guwahati
    • C. IIT Gandhinagar
    • D. IIT Bhubaneswar
    • Discuss


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