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Government approves ten (10) proposals of Foreign Direct Investment amounting to ₹ 2857.83 crore approximately

Dated:- 25-3-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 17th February 2015, Government has approved 10 (ten) proposals of Foreign Direct Investment amounting to ₹ 2857.83 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 17.02.2015 Following 10 (ten) proposals have been approved by the Government: Sl.No. Item No. Name of the appl .....

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2. 3 M/s Luvenus Jewellery Pte Ltd Approval has been sought by M/s Luvenus Jewellery Pte Ltd for (i) incorporation of a WoS to set up a retail outlet at the Mumbai International Airport. (ii) Exemption/waiver from condition of 30% sourcing of goods from India. (iii) Funding the company for future expansion. Duty free shops Rs.1.25 crores 3. 5 M/s Ostro Energy Private Limited, New Delhi .....

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al Private Limited and M/s SD Bio Standard Diagnostics Pvt. Ltd., two pharmaceutical companies Pharma Nil 5. 22 M/s Koye Pharmaceuticals Private Limited, Mumbai M/s Koye Pharmaceuticals Private Limited, a brownfield Pharmaceuticals company, has sought permission to issue additional 6,060 CCPS, constituting up to 25.97% of the share capital of the company on a post-issuance and fully diluted basis to a new foreign investor. P .....

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ckitt Benckiser (India) Limited. M/s Reckitt Benckiser (India) Limited, a WOS of the Reckitt group, proposes to acquire 24.887% paid up share capital of M/s Reckitt Benckiser Healthcare India Limited from its foreign investor viz. M/s Reckitt Benckiser (Singapore) Pte. Ltd., Singapore. Pharma Rs.750 crores (Outflow) 8. 25 M/s Biogenomics Limited Approval has been sought by M/s Biogenomics Limited to increase the f .....

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rore 10. 34 M/s Wacoal International Hong Kong Co. Ltd. (Hong Kong) M/s Wacoal International Hong Kong Co. Ltd. (Hong Kong) has sought approval to set up a JV with 51% equity participation for undertaking of single brand retail trading of products under the brand name Wacoal . Remaining 49% of the equity share will be held by an Indian JV partner SBRT USD 255,000 (Rs.1.58 crore approx.) The following 18 (eighteen .....

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ding from 62.34% to 74%. Air Transport Services 2. 4 Shri Mehul Sehgal , Delhi Approval has been sought for setting up a LLP in India to carry out the business of processing and trading of steel with foreign capital contribution of 98% by M/s Rellek Group LLC. LLP 3. 7 M/s ASV Europa Security Private Limited, Secunderabad M/s ASV Europa Security Private Limited, Secundera .....

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9 M/s Knowlarity Communications Private Limited, Delhi M/s Knowlarity Communications Private Limited, engaged in providing telecom services, has sought an approval to transfer equity shares from existing investors and fresh issue of equity shares and CCPS to existing and new investor- leading to an increased FDI stake from 56.14% to 80.97%. Telecom 6. 10 M/s Thaicom Public Company Limited, Thailand Approval h .....

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M/s India Value Fund IV M/s India Value Fund IV (IVF IV) is seeking approval of FIPB for: (i) Making investment in an Indian Company i.e. M/s Atria Convergence Technologies Pvt. Ltd. (ACT) engaged in providing Internet Services (ISP). IVF IV and IVF III-A together proposes to invest in the capital of ACT in excess of 49% upto 100% by subscribing to equity/compulsorily convertible preference shares/fully convertible debentures. (ii) Making downstream investment in Comp .....

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-zone Networks Private Limited, Delhi M/s O-zone Networks Private Limited Delhi, engaged in telecom sector and with 33.33% existing FDI from M/s AL Telecom Holdings (India) Limited, Cyprus, seeks approval for upto 100% foreign investment by M/s Ozone BV, Netherlands by way of purchase of the equity share capital existing foreign and domestic shareholders. Telecom (Internet services) 11. 15 M/s Insight Media City (India) Pvt. Ltd. .....

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ect foreign investment; proposes to undertake the additional activity of broadcasting of a non-news and current affairs channels in various Indian languages. As proposed scheme of arrangement, the 9X Jhakaas Marathi Channel shall be merged into M/s INX Music Pvt Ltd. Broadcasting 13. 27 M/s SERAP India Pvt Ltd, New Delhi Approval has been sought by M/s Serap India Pvt Ltd, New Delhi for the conversion of import payables into equity sha .....

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n and analysis services to customers worldwide Services (Engineering & Architect) 16. 31 M/s YourNest Angel Fund (Trust) M/s Your Nest Angel Fund proposes to invite up to 49% foreign investment from M/s Tech Entrepreneurship India Company Limited, Mauritius. VCF 17. 33 M/s Zodius Technology Fund, through its Investment Manager M/s Avezo Advisors Pvt. Ltd FIPB approval for .....

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ty Asia IV Mauritius Holdings Limited. NBFC The following 02 (two) proposals were not considered by FIPB: Sl. No. Item No. Name of the applicant Gist of the proposal Sector 1. 21 M/s Nova Lead Pharma Private Limited, Pune M/s Nova Lead Pharma Private Limited, Pune has sought permission for (a) the sale of a part of an existing shareholder M/s Kotak India Growth Fund share .....

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any The following 4 (four) proposals have been rejected: Sl. No. Item No. Name of the applicant Gist of the proposal Sector 1. 17 M/s Continental Traffic Service Global Technologies Private Limited, Chennai M/s Continental Traffic Service Global Technologies Private Limited, Chennai, has sought post-facto approval for capitalization of pre incorporation expenses and to allot sha .....

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