Further to para 8 of the Press Release dated March 25, 2013, wherein it was stated that decision of the 6 (Six) proposals will be communicated separately, the Central Government has approved two (2)Proposals of Foreign Direct Investment (FDI) amounting to Rs. 89.33 crore approximately.
In addition, one proposal viz., M/s Yes Bank Limited, Mumbai amounting to Rs. 2650.00 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).
Following two (2) proposals have been approved.
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Sl. No.
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Name of the applicant
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Particulars of the proposal
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FDI/NRI inflows
(Rs. in crore)
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PHARMACEUTICALS
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1
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M/s Sunij Pharma Pvt. Ltd., Ahmedabad
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Induction of additional foreign equity in a pharmaceutical company.
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0.46
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ECONOMIC AFFAIRS (CM DIVISION)
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2
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M/s WCP Holdings III, Mauritius
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Acquisition of shares of an Indian stock exchange (NSE) from an existing financial institution shareholder.
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88.87
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The following two (2) proposals have been deferred:
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Sl. No
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Name of the applicant
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Particulars of the proposal
|
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1
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M/s Brampton Pvt. Ltd.
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Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company.
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2
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M/s Scripbox.com India Pvt. Ltd., Bangalore
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Indian company acting as facilitator of investments into mutual funds (other financial Services not mentioned in the FDI policy) proposes to receive foreign investment.
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The following one (1) proposal has been advised that FIPB approval is not required:
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Sl. No.
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Name of the applicant
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Particulars of the proposal
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1
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M/s Indian Energy Exchange Limited, Mumbai
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Post facto approval for the issue of compulsory convertible preference shares and equity shares to foreign investors. The company is engaged in the business of exchange of electricity.
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The following one (1) proposal has been recommended for the consideration of CCEA, as the foreign equity inflow involved in the proposal is above Rs.1200.00 crore.
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Sl. No
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Name of the applicant
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Particulars of the proposal
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FDI/NRI inflows
(Rs. in crore)
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1
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M/s Yes Bank Limited, Mumbai
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To increase foreign equity participation through a qualified institutional placement (QIP) of Equity shares to eligible NRs and/or issue of GDRs to FIIs.
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2650.00
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DSM/RS/ka
(Release ID :95246)
