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TMI Blog24 FDI Proposals ApprovedX X X X Extracts X X X X X X X X Extracts X X X X ..... 24 FDI Proposals Approved X X X X Extracts X X X X X X X X Extracts X X X X ..... To establish second subsidiary in India by way of acquisition of foreign company. Proposal also attracts Press Note 1 of 2005. No Fresh Inflow COMMERCE 2 M/s Black & Decker Overseas Holdings B.V. Netherlands To set up a company in India to carry out the business of manufacture. Proposal attracts Press Note 1 of 2005. 25.974 3 M/s Protech Biosystems Pvt. Ltd., Gurgaon Transfer of 100% equity to a Foreign Company by way of share swap. No Fresh Inflow 4 M/s Piquadro S.p.A To set up a Joint venture directly or through its subsidiary with 51% equity participation to carry out the Single Brand retail. 1.53 5 M/s Ferragamo International B.V. To acquire the 51% equity of the Indian Company for Retail trading of products under the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Single Brand. 30.00 ECONOMIC AFFAIRS 6 M/s Daiichi Sankyo Company, Japan To purchase and subscribe to the equity shares of the two Indian companies and issue of warrants. Proposal also attracts Press Note 1 of 2005. 104.63 7 M/s Suyash Software Pvt. Ltd., Nagpur To acquire fully paid equity shares by way of Share Swap. No Fresh Inflow HEAVY INDUSTRY 8 M/s Tokai Rika Co. Ltd., Japan To set up a JV company to manufacture, selling and exporting automotive parts. Proposal attracts Press Nlote 1 of 2005. 35.00 INDUSTRIAL POLICY & PROMOTION 9 M/s Plasticos Erum S.L. Spain To establish WOS for trading, manufacturing and any other sector/activity, including trading of items sourced from the small scale sector. 1.65 INFORMATIO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... N & BROADCASTING 10 M/s Scorpio Television India Pvt. Ltd., New Delhi Ex-post facto approval to continue to hold equity shares by the Foreign Investor in the issued and paid-up share capital of the Indian company. The company is engaged in Television programs, Television films, cinematographic films, video films, video software and computer software. 1.00 CHEMICAL & PETROCHEMICALS 11 M/s C.R. Seals India Pvt (Now SKF Technologies (India) Pvt. Ltd.) To issue partly paid up equity shares to Foreign collaborators. 35.04 ECONOMIC AFFAIRS 12 M/s exl Service.Com (I) Pvt. Ltd. Conversion of an operating company into an operating cum holding company. No Fresh Inflow 13 M/sReligare Enterprises Ltd. To substitute one of the clause of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the FC approval. Not indicated HEAVY INDUSTRY 14 M/s Autoline Industries Ltd. To raise funds by issuing Warrants Convertible into equity shares. No Fresh Inflow 15 M/s Honda Siel Cars India Ltd. Conversion of an operating company into an operating cum holding company to make downstream investment. No Fresh Inflow INDUSTRIAL POLICY & PROMOTION 16 M/s Gujarat Pagutham Energy Corp Pvt. Ltd. Conversion of an operating company into an operating cum holding company to make downstream investment. No Fresh Inflow 17 M/s Geomysore Services (India) Pvt. Ltd. Conversion of an operating company into an operating cum holding company to make downstream investment. No Fresh Inflow 18 M/s Parfums Nabeel International Pvt. Ltd Deleti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on of condition of compulsory license and Export obligation No Fresh Inflow 19 M/s Takata India Pvt. Ltd. To carry out the additional activities in automobile sector. The proposal attracts Press Note 1 of 2005. 21.17 INFORMATION & TECHNOLOGY 20 M/s US Technology International (P) Ltd. Conversion of an operating company into an operating cum holding company to make downstream investment. Not furnished TELECOMMUNICATION 21 M/s Devas Multimedia Pvt. Ltd. To infuse fresh foreign equity in telecommunication sector. 317.85 ECONOMIC AFFAIRS 22 M/s Top Security Ltd., Mumbai Downstream Investment in its 10 Subsidiaries and Preferential allotment of equity shares. 21.25 23 M/s Mahle Gmbh, Germany To set up a Wholly Owned Holdi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng company. 140.92 HEAVY INDUSTRY 24 M/s Perfect Circle India Ltd., Maharashtra Induction of FDI up to 51% in a company engaged in manufacture of internal combustion piston engines and other parts and accessories. Proposal attracts Press Note 1 of 2005. 17.00 The following 11 (Eleven) proposals have been deferred: Sl. No Name of the applicant Particulars of the proposal 1 M/s Dow Europe GMBH, Switzerland To set up a JV company. Proposal attracts Press Note 1 of 2005. 2 M/s VLCC Health Care Ltd., Delhi Conversion of Share Warrants into equity shares and redemption of Preference shares. 3 M/s NSK Holdings Pvt. Ltd., Mumbai Transfer, issue of equity shares and/ or compulsory convertible instruments into equity shares to For ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eign Collaborator. To acquire the status of foreign owned Indian holding company and to make downstream investment. 4 M/s KPIN Capital Advisors Pvt. Ltd. To induct FDI in a investment holding company by way of issue of Compulsory Cumulative Convertible Preference shares to make downstream investments in listed as well as equity linked securities in different sectors. 5 M/s Pepsico India Holdings Pvt. Ltd. To increase the approved equity from US$ 405 Million to US$ 455 Million. The initial proposal was approved by FIPB/CCEA. 6 M/s Quippo Telecom Infrastructure Ltd. To increase foreign equity from 65.63% to 82.55% in Telecom Sector. 7 M/s Asia Motorworks Holdings Ltd., Mumbai Induction of foreign equity by way of subscribing to fu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lly and compulsorily convertible debentures and conversion of operating company into an operating cum holding company. 8 M/s JSW Infrastructure Ltd., Mumbai Ex-post-facto approval for having undertaken the activity of holding company. 9 M/s Amar Ujala Publications Ltd. Amalgamation of two companies consequent upon the order of Hon'ble High court and induction of fresh FDI 10 M/s Broadband Pacenet (India) Pvt. Ltd., Mumbai Induction of foreign equity by way of subscribing to or acquisition of shares up to 74% equity of the company. 11 M/s Transcend Infrastructure Ltd. Increase in FDI beyond 49% in building towers, acquiring towers or securing management rights of towers for the purpose of leasing or licensing the shares use of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ese towers to communications and broadcasting.
The following two (2) proposals have been rejected:
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s ICP Investments (Mauritius) Ltd., Mauritius
Transfer of Shares from NR to NR (repatriation of original investment before a period of three years from completion of minimum capitalization.
2
M/s Meta Telecom Pvt. Ltd., New Delhi
Increase in Foreign equity from 40% to 73.45% in a company engaged in ILD and NLD Services.
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