TMI Blog13 FDI Proposals ClearedX X X X Extracts X X X X X X X X Extracts X X X X ..... 13 FDI Proposals Cleared - News and Press Release Dated:- 13-6-2008 - News - Finance Minister, Shri P. Chidambaram has approved 13 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 4 th June, 2008. The approval amounts to Rs. 1524.70 crore. The proposals are related to Ministries/Departments, namely Chemicals Petro-chemicals, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Industrial Policy Promotion, Information Broadcasting, Urban Development, Tourism and Economic Affairs. Details of proposals approved are as follows: Sl. No. Name of the applicant Particulars of the proposal FDI/NRI inflows (Rs. In crore) COMMERCE 1 M/s. Socomec SA, France Induction of foreign equity up to 100% in Indian C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ompany to make it as its 100% WOS and to change the activities from retail trading to wholesale cash and carry trading. Proposal attracts Press Note 1 of 2005. Nil 2 M/s Arcelor Mittal India Ltd., Ranchi Conversion of operating company into an operating cum holding company for making further downstream investment. 0.41 ECONOMIC AFFAIRS 3 M/s D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eutsche Bank Aktiengesellschaft Acquisition of up to 5% equity shares of the Delhi Stock Exchange. Proposal attracts Press Note 1 of 2005. 13.47 HEALTH 4 M/s Apollo Health Street Ltd., Hyderabad Induction of foreign equity by issuing IPO and Pre-IPO placement of equity shares or compulsorily convertible preference shares. 60.69 POWER ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 M/s Indiabulls Power Generation Ltd., Mumbai Conversion of operating company into an operating cum holding company for making further downstream investment. 0.13 ROAD TRANSPORT HIGHWAYS 6 M/s Gayatri Infra Ventures Ltd., Hyderabad Induction of foreign equity up to 49% for making further downstream investment. 200.00 INFORMATION ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... BROADCASTING 7 M/s Dish TV Issue of right issue of its partly-paid up equity shares. Nil FOOD PROCESSING 8 M/s Demerara Distilleries Conversion of operating company into an operating cum holding company for making further downstream investment. Nil ECONOMIC AFFAIRS 9 M/s Peak Database Solutions Pvt. Ltd., Mum ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bai Issue of shares in lieu of capitalization of pre-incorporation/preliminary expenses Nil 10 M/s Peak Database Solutions Pvt. Ltd., Mumbai Issue of shares in lieu of capitalization of pre-incorporation/preliminary expenses Nil 11 M/s DLF Limitless Developers Pvt. Ltd., New Delhi Issue of shares in lieu of pre-incorporation expenses Nil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 12 M/s Golboot Holdings Ltd., Cyprus Induction of foreign equity by way of subscribing to unsecured fully and compulsorily convertible debentures. Proposal attracts Press Note 1 (2005 series) 700.00 13 M/s India Rizing Fund, Mumbai To accept contribution from overseas investors and to issue units against the money received for making investment in Defence SME ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sector as per FDI Policy. 550.00 Total Rs.1524.70 The following 3 (three) proposals have been deferred : Sl.No Name of the applicant Particulars of the proposal 1 M/s Top Security Ltd., Mumbai Downstream Investment in its 10 Subsidiaries and Preferential allotment of equity shares. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2 M/s RISH PTE Ltd., Cock Islands Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval. 3 M/s RISH PTE Ltd., Cock Islands Post-facto approval for the FDI already brought in under automatic route, which otherwise requires FIPB approval. - News - Press release - PIB Tax Management India - taxmanage ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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