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TMI Blog18 (Eighteen) FDI proposals have been approved.X X X X Extracts X X X X X X X X Extracts X X X X ..... 18 (Eighteen) FDI proposals have been approved. X X X X Extracts X X X X X X X X Extracts X X X X ..... s and fragrances. (ii) enter into a sub-contracting and/or license agreement where the technical assistance agreement, if applicable, shall provide for the payments of agreed royalty. The proposal attracts Press Note 1 of 2005. No Fresh Inflow COMMERCE 3 M/s ABE Abraham, Chennai Induction of foreign investment to undertake import, export and wholesale trading of Water Treatment & Fluid Handling Equipment and Accessories. The Proposal attracts Press Note 1 of 2005. 0.09 4 M/s Early Learning Centre Ltd To subscribe in an Indian company to engage in 'Single Brand' retail trade. To grant a franchise/ licence to use brand and sub-brand to the Indian company pursuant to franchising arrangement. 4.75 5 M/s Verve Hearing Systems To ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... set up a joint venture to undertake the business of setting up a facility to customize, assemble and programme hearing aids and to set up stores to sell the final products to the end customers under single brand in India. 0.11 ECONOMIC AFFAIRS 6 M/s Williamson Maknam Ltd., Jersey Transfer of shares from NR to NR. The Indian company is engaged in the NBFC sector. The proposal attracts Press Note 1 of 2005. No Fresh Inflow 7 M/s Matrix Holdings Limited, Dubai, UAE Induction of foreign investment in the investing company. 1.5 8 M/s PCRD Services Pte. Ltd., Singapore Induction of foreign equity in a JV Investing company. 23.97 HEALTH 9 M/s Abbott Capital India Limited, England Acquisition of shares of the Indian company unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r an open offer (from resident and non-resident shareholders, including FIIs, NRIs and OCBs). The proposal attracts Press Note 1 of 2005. 308.51 INFORMATION & BROADCASTING 10 M/s South Asian Regional Investments Singapore, Pte. Ltd., Singapore To set up a WoS to undertake down-linking activity. The proposal also attracts Press Note 1 of 2005. 2.5 INFORMATION & TECHNOLOGY 11 M/s Magnaquest Technologies Pvt. Ltd., Hyderabad Issue of shares by way of share swap. Nil 12 M/s Stylus Systems Pvt. Ltd., Bangalore Ex-post-facto approval for issue of equity shares NR as "sweat equity" in lieu of services rendered by her to the company in India. No fresh inflow 13 M/s NetEnrich Technologies Pvt Ltd. Ex-post facto approval for issue o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f partly paid shares. Nil SHIPPING 14 M/s Ennore Automotive Logistics Limited, Chennai Induction of foreign investment to carry out the business of investing company. 2.20 INFORMATION & BROADCASTING 15 M/s Star India Limited Transfer of shares as per the scheme of amalgamation. Nil REVENUE 16 M/s Indium IV (Mauritius) Holdings To make an amendment in the FC approval. Nil PETROLEUM & NATURAL GAS 17 M/s Bharat Oman Refineries Ltd. To amend the FC approval. Nil CONSUMER AFFAIRS 18 M/s IGSB-Stan I LLC, USA To acquire equity shares in Multi Commodity Exchange of India Limited. 0.70 The following 17 (Seventeen) proposals have been deferred: Sl. No Name of the applicant Particulars of the proposal 1 M/s Gremach Inf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rastructure Equipments & Projects Ltd., Mumbai Ex-post-facto approval for issue of warrants. 2 M/s Hindustan Media Ventures Limited, Patna Induction of foreign investment from non-residents including FIIs, FVCI and VCF and multilateral and bilateral development financial institutions and other eligible foreign investors including pursuant to a private placement, IPO of equity shares of the Company and/or transfer of equity shares or other securities convertible into equity shares. 3 M/s Nimbus Communications Ltd, Mumbai. To make an amendment in the FC approval. 4 M/s Transcend Infrastructure Limited Acquisition of 100% equity to undertake the business of building towers, acquiring towers for securing management rights of towers fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r the purpose of leasing or licensing the shared use of these towers to communication and broadcasting. 5 M/s Mid Day Multimedia Limited To make an amendment in the FC approval. 6 M/s Star India Holding BV To acquire up to 49% share holding stake in TS Investment Ltd., who in turn will acquire shares of Tata Sky Ltd. 7 M/s DLF Hilton Hotels Limited To make an amendment in the FC approval. 8 M/s Glencore Grain India Pvt. Limited To make an amendment in the FC approval. 9 M/s Valuable Media Limited, Mumbai Ex-post-facto approval for issuance of partly-paid equity shares. 10 M/s Verizon Communications India Pvt. Ltd. Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector. 11 M/s Arka ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... din SAS, France Acquisition of equity stake up to 60% in the paid up share capital of a company engaged in the telecom sector. 12 M/s Etisalat DB Telecom Private Limited, Mumbai Transfer of shares from Resident to Non-Resident of a company engaged in the Telecom Sector. 13 M/s Essar Capital Holdings (India) Ltd., Mumbai Acquisition of equity shares by way of subscription to new equity shares and/or purchase of existing equity shares in an investing company engaged in the telecom sector. 14 M/s S Tel Private Limited, Gurgaon To issue/allot fully paid-up fresh equity shares to undertake the business of providing telecommunications services in India. 15 M/s Telcordia Technologies Inc. USA To review the proposal on the request of M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HA. 16 M/s Jaipur IPL Cricket Pvt Ltd. To induct 100% foreign equity by way of issue of shares for consideration other than cash. 17 M/s Morgan Stainley Mauritius Company Ltd. To make an amendment in the FC approval. The following 4 (Four) proposal has been rejected: Sl. No Name of the applicant Particulars of the proposal 1 M/s Seonghwa Construction India Pvt. Ltd., Mumbai To issue equity shares in lieu of value of machinery received. 2 M/s Safron Realty Pvt. Ltd., Bangalore Ex-post-facto approval for induction of FDI in the business of real estate development. 3 M/s Bricks Securities Limited To make investment in non-cumulative non-convertible redeemable preference shares as downstream investment from its internal accru ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... als. Buy back of equity shares.
4
M/s Safran Aerospace India Pvt. Limited
To make an amendment in the FC approval.
In the following 1 (One) proposal, FIPB recommended that no action is called for.
Sl. No
Name of the applicant
Particulars of the proposal
1
M/s NAS Aviation Services India Pvt. Ltd.
Denial of security clearance by MHA.
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BY/KP/GN-144/10 X X X X Extracts X X X X X X X X Extracts X X X X
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