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EconomyMedium

Rasmalai Limited, the acquirer in the deal cleared by the CCI, is incorporated in which country?

  1. A.Singapore
  2. B.Mauritius
  3. C.Cyprus
  4. D.The Netherlands

Correct answer

C. Cyprus

Explanation

The correct answer is Cyprus. Rasmalai Limited is an entity incorporated there, its principal activity is holding investments, and it has no activities or presence in India at present. Control of the entity is indirect, since it is held by investment funds that are managed or advised by Advent International, L.P. and its affiliates. Options A, B and D name three other jurisdictions that investment holding vehicles commonly use, and that is why they look convincing in a question of this kind, but none of them is the place of incorporation recorded for this acquirer. Keep the pair in memory, an acquirer registered in Cyprus and a target that runs a network of super-specialty hospitals in India, because a question may give one and ask for the other.

Read the full article: CCI Clears Rasmalai Stake Buy in Yatharth Hospital Chain

Practice Questions

Q1.EconomyEasy

Which regulator approved the acquisition of certain shareholding of Yatharth Hospital & Trauma Care Services Limited?

  1. A.Securities and Exchange Board of India
  2. B.Reserve Bank of India
  3. C.Competition Commission of India
  4. D.Insurance Regulatory and Development Authority of India
Show answer
Correct answer: C. Competition Commission of India

The Commission is the authority that examines proposed combinations, that is mergers, amalgamations and acquisitions above the prescribed limits, and decides whether they would hurt competition in the relevant market.

Q2.EconomyHard

Investment funds of which group indirectly control Rasmalai Limited?

  1. A.Advent International, L.P.
  2. B.Blackstone Group
  3. C.Temasek Holdings
  4. D.Brookfield Asset Management
Show answer
Correct answer: A. Advent International, L.P.

The acquirer is indirectly controlled by investment funds that are managed or advised by Advent International and its affiliates, which is how a global private equity platform takes a position in an Indian company through a holding entity registered abroad.

Q3.EconomyMedium

What export figure for October was described as an all time high at the fair?

  1. A.Nearly 60 billion dollars
  2. B.Nearly 75 billion dollars
  3. C.Nearly 90 billion dollars
  4. D.Nearly 120 billion dollars
Show answer
Correct answer: C. Nearly 90 billion dollars

Speaking at the opening of the fair, the Commerce and Industry Minister said the country had posted its highest ever monthly export total in October, made up of roughly 50 billion dollars of merchandise and about 40 billion dollars of services.

Q5.EconomyEasy

Where was the 45th India International Trade Fair 2026 inaugurated?

  1. A.Pragati Maidan Hall 7
  2. B.Bharat Mandapam, New Delhi
  3. C.Yashobhoomi, Dwarka
  4. D.India Expo Centre, Greater Noida
Show answer
Correct answer: B. Bharat Mandapam, New Delhi

The Union Minister of Commerce and Industry opened the 45th India International Trade Fair at Bharat Mandapam, and the same venue is the one the government says it will expand in a fresh phase that nearly doubles the exhibition space on offer.