India Infrastructure Fund - Current Affairs Questions and Answers

1)   Which company has divested 37% stake in its JV Dewas Bhopal Corridor Ltd to India Infrastructure Fund?

a. Welspun
b. Vardhaman
c. Monte Carlo
d. DigJam
Answer  Explanation 

ANSWER: Welspun

Explanation:
Welspun Enterprises Ltd has divested 37% stake in JV firm Dewas Bhopal Corridor Pvt Ltd for INR 662 crore to IDFC sponsored fund India Infrastructure Fund. As per the agreement, the company has sold 37% equity stake in Dewas Bhopal Corridor Pvt Ltd which is a 50% JV of the company at enterprise value of INR 6.62 billion.