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Government Approves Ten (10) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 1675.15 Crore Approximately

Dated:- 16-7-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 219th meeting held on 15th June 2015, Government has approved 10 proposals of Foreign Direct Investment amounting to ₹ 1675.15 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 15.06.2015 are as under: Following 10 (ten) proposals have been approved by the Government: S. no. Name of the applicant Gist of the proposal Sector .....

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. M/s Sudeep Pharma Private Limited, Gujarat Approval has been sought by a Brownfield pharmaceutical company for transfer from existing shareholders and fresh issue of shares to a foreign company resulting in 50% FDI in the company. Pharma Rs. 60 crore 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 shares to another Indian shareholder at agreed value. R .....

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al Media Limited for making downstream investment by way of acquisition of shares of an Indian company for non-cash consideration, i.e., by issuance of shares of the applicant company to the existing shareholders of the investee company. Broadcasting Nil 7. M/s NTT Communications India Pvt Ltd , Delhi NTT Communications India Network Services Pvt. Limited ( NewCo ) Approval has been sought by M/s NTT Communications India Pvt Ltd for downstream investment in an Indian company yet to be incorporat .....

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5.99% and purchase of 1 share of Sprint Telecom India Private Limited by M/s Sprint International Inc., USA being 0.01%. M/s Sprint Telecom India Private Limited Telecom Rs. 1,87,37,067 9. Mr. Ajeet Pratap Singh, Indore, (behalf of M/s Sonder Softech Technologies LLP) Approval has been sought by Mr. Ajeet Pratap Singh, Indore, for setting up a Limited Liability Partnership (LLP) with FDI of 70 per cent. LLP ₹ 3,50,000 10. M/s YourNest Angel Fund (Trust) Approval has been sought by M/s Your .....

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ankara Development Private Limited, Bangalore Approval has been sought by M/s Keppel Puravankara Development Private Limited for redemption of preference shares issued to the foreign investor upon the expiry of minimum lock-in period of 3 years. Real Estate 3. M/s Lalea Trading Ltd., Cyprus Application for obtaining approval for repatriation in terms of clause 6.2.11 of the consolidated FDI policy. Real Estate 4. M/s Hathway Cable and Datacom Limited Approval has been sought for increasing forei .....

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has been sought by M/s Reliance Globalcom Ltd. (RGL) to purchase M/s GCX India Ltd. (GCX India), an Indian owned and controlled company. Telecom 7. M/s O-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 sh .....

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internet and telecom related services and (ii) to increase foreign equity participation upto 100% by way of fresh issue of shares and transfer of shares from existing resident shareholders. Telecom 10. M/s Sistema Shyam TelServices Limited. Increases in FDI upto 100% in M/s Sistema Shyam TeleServices Limited and its downstream WoS M/s Shyam Internet Services Limited, both engaged in telecom sector, on account of conversion of Redeemable Preference Shares into equity. Telecom 11. M/s Indian Roto .....

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