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Indian Economy - Understanding the basics of Indian economic system
Which of the following banks will be buying a stake in BSE subsidiary INX for Rs.31 crore?
ICICI bank
SBI
Canara Bank
HDFC bank
Axis bank
Correct option 1: ICICI Bank
ICICI Bank has entered into an agreement with the BSE to buy a stake in its subsidiary INX - located at GIFT City Gujarat - for nearly Rs 31 crore. India International Exchange (INX) - a wholly-owned subsidiary of the BSE - is India.s first international exchange at International Financial Services Centre (IFSC) in GIFT City. The investment is subject to regulatory approvals and comes at a cash consideration of up to Rs 305 million in tranches to acquire up to 9.9 per cent shareholding in INX, ICICI Bank said in a regulatory filing.
By: Parvesh Mehta ProfileResourcesReport error
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