Current Affairs · Corporate Governance & Capital Markets
Regarding the historical evolution and the specific corporate profile of the entity involved in the Retro Green Revolution stock manipulation case investigated by SEBI, which of the following combinations correctly identifies the company's original incorporation details, the location of its promoters, and the exact ownership stake held by the Choksi group at the conclusion of the 2021 financial year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Jolly Green Tea Exports (1985), Ahmedabad, and approximately 45% stake
- 2Retro Beverages India (1990), Surat, and approximately 42% stake
- 3Jolly Tea India Company (1992), Vadodara, and approximately 38% stake
- 4Jolly Tea India Company (1990), Vadodara, and approximately 42% stake✓
Correct answer
Jolly Tea India Company (1990), Vadodara, and approximately 42% stake
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