Ministry of Finance
Posted On: 11 MAY 2018 3:21PM by PIB Delhi
During the month of April, 2018, the Department of Economic Affairs (DEA), Ministry of Finance has disposed of five FDI proposals aggregating to Foreign Investment of ₹ 3,250 crores, as per details attached.
The following three (03) proposals have been approved:
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S.No.
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Name of the applicant
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Gist of the proposal
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FDI (Rs. In crore)
|
|
1.
|
M/s Alcon Laboratories (India) Pvt Ltd (No. 4681)
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To undertake financial lease of ophthalmic surgical equipment in India in addition to the existing business of wholesale trading in India.
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Nil
|
|
2.
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M/s CVC Asia Pacific (Singapore) Pte. Limited (No. 4631)
|
Amendment application relating to imposition of minimum capital norms
|
Nil
|
|
3.
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M/s Hindustan Infralog Pvt Ltd (No. 4714)
|
Seeking approval for foreign investment in M/s Hindustan Infralog Pvt Ltd, a proposed investing company, from M/s DP World Global Investment BV, Netherlands amounting to 65% of paid-up share capital of M/s Hindustan Infralog Pvt Ltd.
|
Up to ₹ 3,250 crore
|
The following one (01) proposal has been returned to the applicant on the ground of being premature:
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S.No.
|
Name of the applicant
|
Gist of the proposal
|
|
4.
|
M/s Northvale Capital Partners Private Limited (No. 4677)
|
Seeking approval for acquisition of up to 100% of the share capital of a non-operational investment holding company, namely M/s Vadodara Stock Exchange Limited, a derecognized stock exchange.
|
The following one (01) proposal has been rejected:
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S.No.
|
Name of the applicant
|
Gist of the proposal
|
|
5.
|
M/s Kora Research Advisors India LLP (No. 4674)
|
Seeking post facto approval for the cumulative investments made by M/s Kora Management LP, USA and M/s Kora LLC, USA in M/s Kora Research Advisors India LLP.
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