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Government Approves Five (5) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 6050.10 Crore Approximately

News and Press Release - Dated:- 14-1-2016 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 229th meeting held on 21st December 2015, the Government has approved five (05) proposals of Foreign Direct Investment (FDI) amounting to ₹ 6050.10 crore. The following five (05) proposals have been approved: S. No. Item No Name of the applicant Gist of the proposal Sector FDI (in Rs. Crore) 1 5 M/s Sai Life Sciences Limited Approval has been sought for :- Alpha TC .....

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ht for :- 1. Incorporating a WoS in India, which will be engaged in the business of investing in other companies. Pharma 1050 2. Making downstream investment through the WoS (as mentioned above) in an existing pharmaceutical manufacturing company, Nitin Lifesciences Limited, by buying out shares from the promoters thereby increasing foreign equity to 74%. 4 11 M/s Buimerc Core Investments Private Limited Approval has been sought by M/s Buimerc Core Investments Private Limited for transferring of .....

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or 1 1 M/s Gulf Quarry General Trading F.Z.C. Approval has been sought for investment in a new factory in Amritsar for crushing of gypsum rocks to make gypsum powder, manufacturing of gypsum board etc in an Indian company which is yet to be incorporated. Mining 2 2 M/s International Asset Reconstruction Company Private Limited Approval has been sought for purchase of its shares by KKR India Reconstruction Pte. Ltd, Singapore, thereby increasing the foreign equity from 58.75% to 78.96%. Financial .....

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offer for sale of Equity Shares by certain existing shareholders to eligible non-resident investors including FIIs/FPIs/NRIs. CIC 5 13 M/s HSBC Securities and Capital Markets (India) Private Limited Approval has been sought for: - I. Merger of the FIPB approval letter of even no FCII 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and Approval letter of even no FC II 160(2005)/157(2005) dated 21.06.2005. II. Incorporating a Wholly Owned Subsidiary (WoS) which will act as a .....

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sals have been rejected: S. No. Item No Name of the applicant Gist of the proposal Sector 1 7 Mr. Mokeme Chiwetal Izuchukwu, Nigeria Approval has been sought to set up a Limited Liability Partnership (LLP) in India for Cash & Carry Wholesale Trading/Wholesale Trading (Including sourcing from MSEs). LLP 2 12 M/s Lanarth Developers Private Limited Approval has been sought by Lanarth Developers Private Limited for the extension of period of redemption for 10,80,000 (11.25%) Preference shares of .....

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