{"id":51119,"date":"2018-06-21T05:11:26","date_gmt":"2018-06-21T05:11:26","guid":{"rendered":"https:\/\/www.edristi.in\/?p=51119"},"modified":"2018-06-21T05:11:26","modified_gmt":"2018-06-21T05:11:26","slug":"iffco-and-ipl-bought-stake","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/iffco-and-ipl-bought-stake\/","title":{"rendered":"IFFCO and IPL Bought Stake"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Question- Recently, IFFCO and Indian Potash Ltd (IPL) jointly acquired what percentage of stake in Jordan&#8217;s largest mining company?<\/strong><br \/>\n(a) 37 percent<br \/>\n(b) 42 percent<br \/>\n(c) 30 percent<br \/>\n(d) 35 percent<br \/>\n<strong>Answer- (a)<\/strong><br \/>\n<strong>Related Facts:<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>In May 2018, 37% stake was bought in Jordan&#8217;s largest mining company by IFFCO and Indian Potash Limited (IPL) have acquired 37 per cent stake in Jordan\u2019s largest mining and chemical firm JPMC.<\/li>\n<li>The acquisition of this stake was done for the amount of Rs. 900 crores.<\/li>\n<li>These shares were bought from Kamil Holdings, a unit of Brunei Investment Agency.<\/li>\n<li>Kamil Holdings is the largest shareholder in the Jordan Phosphate Mines Company (JPMC) and JPMC is Jordan&#8217;s largest mining company.<\/li>\n<li>This deal will ensure phosphatic storage protection of Indian farmers and will help in balanced use of fertilizers in the country.<\/li>\n<li>It is important that India is dependent on imports for phosphatic fertilizers.<\/li>\n<li>The country&#8217;s largest potash fertilizer importer, the IPL has acquired a 27 per cent stake in JPMC.<\/li>\n<li>Whereas, IFFCO has purchased ten percent stake in JPMC through its subsidiary Kisan International Trading (KIT).<\/li>\n<li>IFFCO has already a joint venture with &#8216;Jordan India Fertilizer Company&#8217; (JIFCO).<\/li>\n<li>It has 52 per cent stake in it, while JPMC has 48 per cent equity in it.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Reference:<\/strong><br \/>\n<a href=\"https:\/\/www.thehindubusinessline.com\/companies\/iffco-ipl-acquire-37-stake-in-jordan-phosphate-mines-for-rs-900-cr\/article24012208.ece\" target=\"_blank\" rel=\"noopener\">https:\/\/www.thehindubusinessline.com\/companies\/iffco-ipl-acquire-37-stake-in-jordan-phosphate-mines-for-rs-900-cr\/article24012208.ece<\/a><br \/>\n<a href=\"https:\/\/www.chemarc.com\/content\/indian-potash-ltd-and-iffco-buy-37-stake-in-top-jordan-mining-firm\/5b0cdd83d04ee50d542a0dc6\" target=\"_blank\" rel=\"noopener\">https:\/\/www.chemarc.com\/content\/indian-potash-ltd-and-iffco-buy-37-stake-in-top-jordan-mining-firm\/5b0cdd83d04ee50d542a0dc6<\/a><br \/>\n<a href=\"https:\/\/www.punjabkesari.in\/business\/news\/iffco-ipl-buy-37-stake-in-jordan-s-largest-mining-firm-for-809715\" target=\"_blank\" rel=\"noopener\">https:\/\/www.punjabkesari.in\/business\/news\/iffco-ipl-buy-37-stake-in-jordan-s-largest-mining-firm-for-809715<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question- Recently, IFFCO and Indian Potash Ltd (IPL) jointly acquired what percentage of stake in Jordan&#8217;s largest mining company? (a) 37 percent (b) 42 percent (c) 30 percent (d) 35 percent Answer- (a) Related Facts: In May 2018, 37% stake was bought in Jordan&#8217;s largest mining company by IFFCO and Indian Potash Limited (IPL) have [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1135],"tags":[527],"class_list":["post-51119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ao","tag-associations-organizations"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/51119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=51119"}],"version-history":[{"count":0,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/51119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/50336"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=51119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=51119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=51119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}