MIH Payments Holdings B.V., which has received CCI approval to acquire a shareholding in Navi Limited, is an indirect wholly-owned subsidiary of which company?
- A.Prosus N.V.
- B.SoftBank Group Corp.
- C.Alibaba Group Holding
- D.Temasek Holdings
Correct answer
Explanation
The correct answer is Prosus N.V. The Commission's clearance notes that the acquirer, MIH Payments Holdings B.V., is an indirect wholly-owned subsidiary of Prosus N.V., and that the acquirer itself carries on no business activity beyond holding investments in portfolio companies which have business activities in India. Options B, C and D name other large international investors with interests in Indian companies, but none of them is the parent named in this transaction. The target in the deal is Navi Limited, the holding company of the Navi Group, which offers financial services to customers through a single consumer-facing mobile application, with the actual products provided by its subsidiaries. For an aspirant the useful pairing to remember is acquirer, parent and target: MIH Payments Holdings B.V., Prosus N.V. and Navi Limited.
Read the full article: CCI Clears Sapphire-Devyani Merger and Navi Stake Deal
Practice Questions
Sapphire Foods India Limited has been cleared by the CCI to merge with and into which company?
- A.Jubilant FoodWorks Limited
- B.Devyani International Limited
- C.Westlife Foodworld Limited
- D.Barbeque Nation Hospitality Limited
Show answer
The Competition Commission of India approved the merger of Sapphire Foods India Limited with and into Devyani International Limited, along with certain related transactions placed before it as one proposed combination.
Read the full explanation →Which two franchise brands are run in India by both Devyani International and Sapphire Foods?
- A.Domino's Pizza and Subway
- B.KFC and Pizza Hut
- C.McDonald's and Burger King
- D.Starbucks and Taco Bell
Show answer
Both companies operate franchise outlets of these two brands in India, and that overlap is the reason a merger between them is a matter for competition review rather than a routine corporate step.
Read the full explanation →Devyani International is the exclusive franchisee in India of which coffee chain?
- A.Costa Coffee
- B.Tim Hortons
- C.Dunkin'
- D.Gloria Jean's Coffees
Show answer
Apart from running KFC and Pizza Hut franchise outlets across India, Devyani International Limited holds the exclusive Indian franchise for Costa Coffee, and along with it for New York Fries and Sanook Kitchen.
Read the full explanation →Which of these is NOT among the stated aims of extending the cotton import duty exemption?
- A.Augmenting cotton availability for the domestic textile sector
- B.Supporting Micro, Small and Medium Enterprises
- C.Raising the minimum support price paid to cotton growers
- D.Promoting value addition across the textile and apparel chain
Show answer
The exemption is an import measure and has nothing to do with the price assured to farmers, although the government has said it remains conscious of farmers' interests while taking such steps.
Read the full explanation →By how long was the existing customs duty exemption on cotton imports extended?
- A.One month
- B.Two months
- C.Six months
- D.One year
Show answer
The exemption in force was available until the end of October, and the amendment carries it to the end of December, which adds exactly two months to the window.
Read the full explanation →