The correct answer is "Britain took over India from the East India Company."
As a result of the Sepoy Mutiny Britain took over India from the East India Company.
The Sepoy Mutiny was also known as the Indian Rebellion that started on May 10 1857 and ended on November 1, 1858. People in Indian organized an uprising against the government of the Eastern Indian Company of Britain, which in those years functioned as the ruler of the Indian territory on behalf of the King of Egland. It all started with the rebellion of the Indian Sepoys in the city of Meerut, and other insurrections followed in other parts of India.
One of the consequences of this rebellion was that Britain took over India from the East India Company and the British monarchy exerted direct rule over India.