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Government Approves Seven (07) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 981.15 Crore Approximately

Dated:- 29-7-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 220th meeting held on 3rd July 2015, Government has approved 07 proposals of Foreign Direct Investment amounting to ₹ 981.15 crore approximately. Details of Proposals considered in the Foreign Investment Promotion Board (FIPB) Meeting held on 03.07.2015 Following 07 (seven) pr.oposals have been approved: S. No. Name of the applicant Gist of the proposal Sector Proposed FDI (in Rs. ) 1. M/s .....

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l 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 Nil (Rs. 23,27,48,358.02 - Outflow) 4. 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 Rs. 963 crore 5. M/s Cheetah Communications Private .....

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holding or Investing company. Investing Company Nil 7. M/s Kotak Mahindra Bank Limited, Mumbai Gist of the Proposal: Approval has been sought for increasing the aggregate foreign investment in M/s Kotak Mahindra Bank Limited to 55% pursuant to a merger between ING Vyasa and Kotak Banking Nil The following 06 (six) proposals have been deferred: S. No. Name of the applicant Gist of the proposal Sector 1. M/s DEN Networks Limited Approval has been sought for increase in foreign investment limit in .....

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