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Government Approves Eleven (11) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 1,567.91 Crore Approximately

Dated:- 8-10-2015 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, Government has approved 11 (eleven) proposals of Foreign Direct Investment amounting to ₹ 1,567.91 crore. In addition, two proposals viz., M/s Sistema Shyam Tel Services Ltd involving an FDI of ₹ 10,000 crore, and M/s IIFL Holdings Limited involving an FDI of ₹ 3201.5 crore, have also been recommended for consideration of Cabinet Committee on .....

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of Credit Access in Equitas will increase from 4.29% to 6.54%. Pharma Nil 2 4 M/s Amar Ujala Publications Limited Approval has been sought by Amar Ujala Publications Limited for Foreign Shareholding in the company up to 26% of the post issue paid up equity share capital pursuant to proposed initial public offering- Issue of equity shares to FIIs/FPIs/NRIs and Transfer of 26,90,234 shares by existing shareholders for an aggregate consideration of ₹ 50 cr. Print Media / Information and Broa .....

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by M/s Bhurani Enterprises LLP to accept 99.99% foreign investment by a PIO individual. LLP Rs.4 Crores 6 9 M/s O-zone Networks Private Limited, Delhi M/s O-zone Networks Private Limited Delhi, seeks approval for upto 100% foreign investment by M/s Ozone BV, UK by way of purchase of the equity share capital existing shareholders. (i) In the 1st tranche, Ozone BV will acquire 33.33% equity in Ozone India represented by 10,469 Class B shares from M/s Al Telecomes Holdings (India) Limited. The esti .....

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n financial year 2014-15 and financial year 2015-16). The said funds would be invested in ozone-India in lieu of issue of equity shares or preference shares. Internet services Rs.89.61 crores 7 10 M/s Chorus Call INC, USA 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 ₹ 9.10 crores 8 12 M/s .....

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M/s New India Biopharma Ltd. Post facto approval has been sought by M/s New India Biopharma Ltd. for inward remittances received since 2013. Pharma Rs.1.7 crores 10 19 M/s. BTI Payments Pvt Ltd M/s. BTI Payments Pvt Ltd, a company with approved foreign equity of 100% has sought approval for addition in the foreign investor, M/s BTI Payments Singapore Pte Ltd which is a WoS of the existing foreign investor of the company, M/s. The Banktech Group Pty Ltd, Australia. M/s BTI Payments Singapore Pte .....

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aggregate consideration of ₹ 1350 crores White Label ATMs Rs.1350 crores (fresh issue of ₹ 400 crore and sale of shares from existing non-resident investors ₹ 950 crores). The following 2 (two) proposals have been recommended by the FIPB for approval of Cabinet Committee on Economic Affairs (CCEA) as the investment involves an inflow of more than ₹ 3000 crores in accordance with Para 5.2.2 of the Consolidated FDI Policy 2015. S. no. Item No Name of the applicant Gist of t .....

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pproval has been sought by M/s IIFL Holdings Limited, a NBFC company for increasing the foreign equity from 52.29% to 100% by way of issuing shares to FIIs. NBFC Rs.3201.5 crores approx. (based on the open offer price The following 6 (six) proposals have been deferred: S.no Item no Name of the applicant Gist of the proposal Sector 1 3 M/s ii5 Technologies Pvt ltd Approval has been sought by ii5 Technologies Pvt ltd with 99.997% of foreign investment held by ii5 Ventures Ltd, Singapore for conver .....

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t of Telecom, in order to provide services in the telecom sector. Telecom 3 14 M/s Indian Herbs Specialities Private Limited M/s Indian Herbs Specialities Private Limited is seeking approval for receiving FDI by the way of (i) subscription to 25,316 shares to be issued by the Applicant to India 2020 Fund II, Limited (Investor), and (ii) purchase of 101,266 shares by the Investor from the existing shareholders of the Applicant Pharma 4 15 M/s APOLLO Hospitals Enterprise Limited Approval has been .....

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ett, Coleman & Company to AEGON India Holding B.V for an aggregate consideration of 559.96 cr thereby raising the foreign shareholding from 26% to 49%. Insurance 6 22 M/s FireFly Networks Limited Approval has been sought by M/s FireFly Networks Limited for approval of the existing foreign investment (50% indirect) and to permit commencement of activities as a Telecom Infrastructure Provider Category-I (IP1). Telecom The following 4(four) proposals have been rejected: s.no Item No Name of the .....

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