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Government Approves Nineteen (19) Proposals of Foreign Direct Investment Amounting to ₹ 2165.04 Crore Approximately

Dated:- 6-5-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its Meeting held on 9th April 2015, the Central Government has approved nineteen (19) proposals of Foreign Direct Investment(FDI) amounting to ₹ 2165.04 crore approximately. In addition to 32 agenda items listed for the meeting, the Board had also considered additional 10 proposals as tabled items. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 0 .....

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) Ltd. and Mylan Luxembourg 2 s.a.r.l., pursuant to a composite scheme of arrangement. Pharma Rs. 128.77 crore 2. M/s Par Formulations Private Ltd. (PFPL) The applicant has informed that for payment of the consideration stated in the Slump Sale Agreement, the Shareholders of PFPL would, singly or collectively, subscribe to additional fully paid up equity share capital of PFPL (by bringing in fresh foreign inward remittance), and PFPL w .....

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% shareholding in M/s RAS Lifesciences Private Limited in July 2012. ii) Intimation given by the company regarding downstream Investment made in M/s RAS Lifesciences Private Limited Pharma Nil 4. Ms. Maham Nayyer and Ms. Sahar Nayyer, Pakistan Ms. Maham Nayyer and Ms. Sahar Nayyer, Pakistani citizen, has sought FIPB approval to import finished carpets from Dubai and other countries and trade it in India Trading .....

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of shares, and further investment up to 100% by way of primary/ secondary acquisition in M/s Fincare Business Services Private Limited, Bangalore. Finance Nil 7. M/s Asomi Finance Private Limited, Assam M/s Asomi Finance Private Limited, Assam, seeking approval for relaxation of the condition of not having complied with the minimum capitalization norms in the NBFC Sector. Micro-Credit ₹ 8.00 crore (already .....

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s Touchstone Trust, Hyderabad M/s Touchstone Trust, Hyderabad, a registered AIF category II Fund is seeking permission to issue units in its scheme I to Individual Foreign Investors/ NRI s. Alter-native Invest-ment Fund (AIF) ₹ 29.00 crores 10. M/s Mitsui & Co India Pvt Ltd, New Delhi Post-Facto approval has been sought by M/s Mitsui & Co India Pvt Ltd, a foreign owned company for making downstream investment i .....

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2. M/s Data-mark Prodapt India BPO Pvt. Ltd. M/s Datamark Prodapt India BPO Private Limited, Chennai seeks permission for conversion of Private Company limited by shares into a LLP. LLP Nil 13. M/s RLG Retail Private Limited The applicant has sought approval to enhance the foreign equity participation of M/s Richemont Services B.V. from existing 51% to 100% in M/s RLG Retail Private Limited, for undertaking single .....

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M/s Damiani International B.V. from existing 51% to 100%, by way of purchase of 49% shares from its own internal accruals by acquiring from existing shareholders of M/s Damiani India Pvt. Ltd. Misc - Retail Trading ₹ 3.34 crore Tabled Items 16. M/s Bharti AXA Life Insurance Company Limited Bharti AXA Life Insurance Company Limited, A Joint venture between AXA India holdings and Bharti Insurance Holdings Private L .....

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ivate Limited has sought approval for (i) Transfer of 26.78% from Bharti Insurance Holdings Private Limited to SocieteBeaujon (ii) Transfer of 10% from Societe Beaujon held in GIBA Holdings private Limited to Bharti group Insurance ₹ 431.40 crore 18. M/s Curatio Healthcare (I) Private Limited Approval has been sought by M/s Curatio Healthcare (I) Private Limited, a Brownfield pharma company for foreign investment of 33.33% .....

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the applicant Gist of the proposal Sector 1. M/s Stericat Gut Strings Pvt. Ltd. M/s Stericat Gut Strings Pvt. Ltd. seeks to sell 77.5% stake to M/s Groupe Peters Surgical LLC (22.5% of which would be via share swap). Pharma 2. M/s Blue Dart Express Limited Approval has been sought by M/s Blue Dart Express Limited for the acquisition of shares in Blue dart Aviation Limited by way of pur .....

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ndia Malls Pvt. Ltd. M/s Big Shopping Centres Ltd Israel, having 24.14% investment in M/s Big India Malls Pvt. Ltd., New Delhi (a construction development company) proposes to repatriate FDI by selling current undeveloped plots for lack of committed funding from LEHMAN (an existing shareholder) and additional funding from other shareholders. The company has also sought permission for waiver of the condition for completion of 50% of the project. Construction and Development .....

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pproval for issuance of warrants to a foreign investor Pharma 7. M/s O-zone Networks Private Limited 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. Internet services .....

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roval 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 Companies engaged in ISP and Multi Subscriber Operator (MSO) activities. Telecom & .....

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Name of the applicant Gist of the proposal Sector 1. M/s Kusum Healthcare Private Limited, New Delhi M/s Kusum Healthcare Private Limited, New Delhi, a brownfield pharmaceutical company has sought approval for issuing equity shares/CCPS/CCDs to M/s Upasa Holdings AG, Switzerland, leading to 25% shareholding in the applicant. Pharma 2. M/s Sudeep Pharma Private Limited, Gujarat Appr .....

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arma 4. M/s Sai Life Sciences Limited, Hyderabad Approval has been sought by a Brownfield pharma company for transfer of shares from existing to new non-resident shareholders and further allotment of shares. Pharma 5. M/s Asergis Communications Private Limited, Delhi M/s Asergis Communications Private Limited, Delhi, a new telecom company, has sought the approval for foreign equity participation of 100%. .....

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ith M/s Indivest Pte. Ltd. Manu-facturing 8. M/s Barefoot Resorts & Leisure India Pvt. Ltd., Chennai M/s Barefoot Resorts & Leisure India Pvt. Ltd., Chennai, operating in the hospitality business, has applied for post facto approval to regularize the allotment of partly paid up shares to M/s Fruition Resorts Limited, Mauritius. Misc 9. Mr. Phil Arthur Bedford, British National (Dubai Resident) .....

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