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Government Approves Twenty One (21) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 280.70 Crore approximately

Dated:- 25-5-2015 - Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its 217th meeting held on 30th April 2015, the Central Government has approved twenty one (21) proposals of Foreign Direct Investment (FDI) amounting to ₹ 280.70 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 09.04.2015 are as under: Following twenty-one (21) proposals have been approved by the Government: S. .....

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M/s Star Wire (India) Limited, New Delhi is seeking permission for FDI in the company having part of the business that may be considered to be engaged in Defence Activity Misc - Steel Rs.12.28 crore 3. M/s Blue Dart Express Limited, Mumbai Approval has been sought by M/s Blue Dart Express Limited for the acquisition of shares in Blue dart Aviation Limited by way of purchase of shares from existing shareholders which would incre .....

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m 62.34% to 74%. NRI investment to the tune of 3.34.% in the first stage and 3.28% in the second stage. Air Transport Services Rs.14.40 crores (in two stages) 5. M/s Thornton Tomasetti Inc., USA Approval has been sought by M/s Thornton Tomasetti Inc to set up a LLP to carry out the activities of engineering, design, investigation and analysis services to customers worldwide. LLP Rs.0.50 crore 6 .....

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M/s Amri India Private Limited, Mumbai Approval has been sought by M/s Amri India Private Limited, Mumbai for exemption from the condition of maintaining production level of NLEMs for the production level of Atenolol bulk drug. Pharma Nil 9. M/s Aster DM Healthcare Ltd. Approval is sought for transfer by way of swap of 1,08,95,833 equity shares in M/s Malabar Institute of Medical Sciences Ltd. by 21 shareholders (includ .....

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ted Approval has been sought by M/s Springer (India) Private Limited. for the transfer of shares from M/s Springer SBM Holding Limited, Mauritius to M/s Springer Science +Business Media Singapore Private Limited, Singapore. (NR-NR) Publishing Nil 12. M/s Hubert Burda Media India Private Limited Approval has been sought by M/s Hubert Burda Media India Private Limited for further infusion of capital by its parent company. .....

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e Limited, Secunderabad M/s ASV Europa Security Private Limited, Secunderabad seeking permission for receiving 49% foreign investment in Security Services and Man Power recruitment & training services by way of transfer of shares from its current Indian Shareholder Private Security Rs.1.00 crore 15. M/s Gestamp Powergear Windsteel Pvt Ltd, Tamil Nadu Approval has been sought by M/s Gestamp Powergear Windsteel Pvt Ltd, a .....

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s.0.54 crore approx. (already brought in) 17. M/s Shah Vibratory LLP, Mumbai M/s Shah Vibratory LLP, Mumbai has sought approval for 50% foreign participation of M/s National Air Vibratory Company, USA Manufac-turing Rs.0.10 crore (Rs.1.00 crore over a period of five years) 18. Ankur Capital Fund, Mumbai Approval has been sought by Ankur Capital Fund for receiving foreign investment from M/s Ank .....

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al is for increase in Foreign Direct Investment (FDI) from 51% to 100% in M/s s.Oliver Fashion India Private Limited (formerly known as Orient Craft s.Oliver Private Limited) under single brand retail trading of s. Oliver brand. SBRT Rs.0.80 crore approx. 21. M/s Montblanc Services B.V, Netherlands M/s Montblanc Services Blank B.V, Netherlands (holding 51% of shares) and M/s Titan Company Limited, India (holding 49% of shares) .....

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e foreign equity from 54.7% to 100% by way of issuing shares to FIIs. NBFC 2. M/s Kotak Mahindra Bank Limited, Mumbai Approval has been sought for increasing the aggregate foreign investment in M/s Kotak Mahindra Bank Limited to 55%. Banking 3. M/s BASF Chemicals India Private Limited M/s BASF Chemicals India Private Limited (BCIPL) proposes to convert the legal form of the Company from a private .....

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ai M/s INX Music Private Limited, a company which aggregates and distributes music content for TV channels, having 70.85% indirect 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 6. M/s India Value Fund IV M/s .....

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(MSO) activities. Telecom & Broadcasting 7. M/s Compatel India Private Limited, Mumbai M/s Compatel India Private Limited, Mumbai, a new telecom company, has sought the approval for foreign equity participation of 100% Telecom 8. M/s Knowlarity Communications Private Limited, Delhi M/s Knowlarity Communications Private Limited, engaged in providing telecom services, has sought an approval to .....

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herlands by way of purchase of the equity share capital existing foreign and domestic shareholders. Internet services 10. M/s YourNest Angel Fund (Trust) M/s YourNest Angel Fund proposes to invite up to 49% foreign investment from M/s Tech Entrepreneurship India Company Limited, Mauritius. Investment 11. M/s Insight Media City (India) Pvt. Ltd. FIPB approval has been sought for up-linking and down .....

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oadcasting 12. M/s Zodius Technology Fund, through its Investment Manager M/s Avezo Advisors Pvt. Ltd The applicant has sought FIPB approval for NRI investment in M/s Zodius Technology Fund, which is SEBI registered Category I Alterative Investment Fund. The application has been forwarded by M/s Avezo Advisors Pvt. Ltd. on behalf of M/s Zodius Technology Fund. M/s Avezo Advisors Pvt. Ltd., a company registered under the Companies Act, 1956, will be the Inve .....

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heir companies held by IDFC limited to Baring Private Equity Asia IV Mauritius Holdings Limited. NBFC 2. M/s Interfer-Steel and Commodities Private Limited, Maharashtra M/s Interfere-Steel and Commodities Private Limited, Maharashtra, is seeking permission for conversion of Trade Credit into Cumulative Convertible Preference Shares (CCPS). Steel 3. (1) M/s AF Holdings, Mauritius (2) M/s Indian Energy .....

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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 share capital. Manufacturing 5. M/s INDIAREIT Real Estate Fund-Scheme-I, through its Fund Manager INDIARET Fund Advisors Private Limited The applicant has requested for deletion of following conditions from the earlier approval letter: (ii) The investment made by the trust woul .....

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