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Government approves 16 proposals of FDI amounting to ₹ 6750.86 Crore approx. based on the recommendations of FIPB.

Dated:- 17-6-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 218th meeting held on 28th May 2015, Government has approved 16 proposals of Foreign Direct Investment amounting to ₹ 6750.86 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 28.05.2015 1. Following 16 (sixteen) proposals have been approved by the Government: S. no. Name of the applicant G .....

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ted (BCIPL) to convert the legal form of the Company from a private limited to a Limited Liability Partnership ( LLP ) under the Limited Liability Partnership Act, 2008. Industry Nil 3. M/s Torrent Pharmaceuticals Limited Approval has been sought by M/s Torrent Pharmaceuticals Limited, a brownfield pharma company for increasing the FII investment from 13.09% to 35%. Pharma ₹ 3000 Crore 4. .....

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a wholly owned subsidiary of Chemo Espana SL) to purchase certain assets pertaining to Alkems Fertica from M/s Alkem Laboratories Limited Pharma ₹ 23.34 crore (Rs. 10,69,71,000 already brought in) 6. M/s TRIF Kochi Projects Private Limited (TKKPL), Mumbai M/s TRIF Kochi Projects Private Limited (TKKPL), Mumbai, is seeking permission for transfer of 19,95,28,808 equity shares of TKPPL, constituting 93.33% of the equity shar .....

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8. M/s Berggruen Real Estates Private Limited, Mumbai A wholly foreign owned company engaged in the Construction and Development sector has sought approval for waiver of minimum capitalization condition and three years lock-in period as it is not able to proceed with the project. Real Estate Nil 9. M/s Today Magazines Lifestyle Private Limited, New Delhi Approval has been sought by M/s Today .....

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d acquisition of the broadcasting business of another Indian company engaged in broadcasting sector on a slump sale basis. Broadcasting Rs. 2500 Crore 11. M/s Indium IV (Mauritius) Limited through M/s India Value Fund IV (Applicant) (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 .....

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and CCPS to existing and new investor- leading to an increased FDI stake from 56.14% to 80.97%. Telecom ₹ 34.65 crore approx. 13. 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 ₹ 2.40 Crore 14. M/s Louis Dreyfus Commodities India Pvt. Ltd. .....

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onal Et. Compagnie Approval has been sought by M/s Freyssinet International Et. Compagnie to set up an LLP in the field of specialised construction and services. LLP Rs. 20,00,000 (Rs. 0.20 crore) The following 21 (twenty-one) proposals were deferred: S. No. Name of the applicant Gist of the proposal Sector 1. M/s Celon Laboratories Limited, Hyderabad, Telangana Approv .....

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ernational Pvt. Ltd. Post facto approval has been sought by M/s Sparsha Pharma International Pvt. Ltd. for fresh issue and allotment of shares to foreign registered trust towards the receipt of share application money. Pharmaceuticals 4. M/s Goldshield Real Estate Pvt., Ltd Approval has been sought by M/s Mercury Pharma group Limited (formerly known as Goldshield Group ltd) for exiting the real estate business by selling out sha .....

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te 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 7. M/s Eros International Media Limited Approval has been so .....

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Pvt Ltd for downstream investment in an Indian company yet to be incorporated for carrying out the telecom services. Telecom 9. M/s Hathway Cable and Datacom Limited Approval has been sought for increasing foreign investment limit for FIIs, FPIs, etc. under the Portfolio Investment Scheme from 49% of its issued and fully paid up share capital to 74%. Telecom & Broadcasting 10. M/s DEN Networks Limited .....

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pany. Telecom 12. 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 13. M/s Sprint Tele .....

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nt International Inc., USA being 0.01%. Telecom 14. M/s Chorus Call Conferencing Services India Private Limited Approval has been sought by M/s Chorus Call INC, USA for increase in the foreign equity from 74% to 100% in M/s Chorus Call Conferencing Services India Private Limited engaged in providing services like transmission of voice, video and data. Telecom 15. M/s Cheetah Communications Private Limited, N .....

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roval for (i) to incorporate the helicopter model as AW 119Kx in place of AW 119Ke. (ii) to undertake final assembly of AgustaWestland s helicopters for export to global customers or offered to Indian Civil market only and (iii) to change the foreign investor from M/s Agusta Westland N.V., The Netherlands to M/s Agusta Westland S.p.A, Italy as M/s Agusta Westland N.V., The Netherlands merged into M/s Agusta Westland S.p.A, Italy, pursuant to an internal re-organization through merger w .....

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ate foreign investment in M/s Kotak Mahindra Bank Limited to 55% pursuant to a merger between ING Vyasa and Kotak Banking 19. M/s Destimoney Enterprises Limited Destimoney Enterprises Limited has sought approval for conversion of from an operating cum investing company to a holding or Investing company. Investing company 20. M/s YourNest Angel Fund (Trust) Approval has been sought by M/s YourN .....

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ed: S. No. Name of the applicant Gist of the proposal Sector 1. M/s Strides Arcolab Limited, Mumbai Approval has been sought by M/s Strides Arcolab Limited, a brownfield pharma company for issuing shares to non-resident and resident equity shareholders of M/s Shasun Pharmaceuticals Limited under a scheme of merger. Pharma-ceuticals 2. M/s Big India Malls Pvt. Ltd. .....

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M/s Cheekotel Venture Fund Private Limited, Delhi, M/s Cheekotel Venture Fund Private Limited, Delhi, a domestic VCF company, has sought approval to issue equity upto 40% (of the voting rights) to foreign investors for making investment in M/s SME Capital Market Corporation Ltd. Delhi. VCF 4. M/s SME Capital Market Corporation Ltd. Delhi, M/s SME Capital Market Corporation Ltd. Delhi, presently a holding company, which proposes to make .....

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