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Government Approves Ten (10) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 607 Crore Approximately; Recommends One Proposal for Approval of CCEA Involving FDI of ₹ 5856.51 Crore.

News and Press Release - Dated:- 16-2-2016 - Based on the recommendations of Foreign Investment Promotion Board in its 231st meeting held on 22nd January 2016, the Government has approved ten FDI proposals involving FDI of ₹ 607 crore, and recommended one proposal for approval of CCEA involving FDI of ₹ 5856.51 crore. The following ten (10) proposals have been approved: S. No. Item No Name of the applicant Gist of the proposal Sector FDI (in Rs. Crore) 1 2 M/s Atria Convergence Techn .....

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al has been sought to act as the Bharat Bill Payment System Operating Unit (BBPOU) in accordance with the Circular issued by RBI dated October 20, 2015 NBFC nil 4 7 M/s Emcure Pharmaceuticals Limited Approval has been sought for the issuance of additional ESOPs to four non-resident employees to the extent of 0.28%. Pharma 57.4 5 8 M/s AvH Resources India Pvt. Ltd. Approval has been sought by a WoS of M/s Ackermans and Van Haaren NV, Belgium, for conversion of their activity from a management con .....

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Limited in subsequent rounds of Investment in a public limited company (i.e. Cipla Health Limited) post the closing of the Initial Investment. Pharma 145.22 7 15 M/s Alstom Manufacturing India Limited (i) M/s Alstom Manufacturing India Limited has sought an approval to only hold equity and arrange finance for its downstream investment company M/s Madhepura SPV for the period from 20.11.2015 to 01.07.2017. (ii) Thereafter, no FIPB approval is warranted for the period after which M/s Alstom Manufa .....

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Films Ltd. Health, Clinical research and allied activities. Nil 9 24 DEN Networks Limited Den Networks Limited vide approval letter dated 14.08.2015, was granted approval for investment from FIIs/NRIs/FPIs upto 74% in the company. The company has now sought for allowing foreign investment in the company by way of issue of shares or underlying securities like QIIs/ADRs/GDRs/FCCBs and other permitted securities within the same approved foreign investment limit., Telecom Nil 10 26 M/s Celestis Phar .....

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re) 1 1 M/s ATC Asia Pacific Pte. Ltd Approval has been sought for acquisition of 51% of the shareholding of M/s Viom Networks Limited by M/s ATC Asia Pacific Pte. Ltd. (ATC Singapore) by way of transfer from existing shareholders. Telecom (IP-I) Rs.5856.51 The following eight (08) proposals have been deferred: S. No. Item No Name of the applicant Gist of the proposal Sector 1 11 ICICI Lombard General Insurance Company Limited, Mumbai Approval has been sought to sell 40,270,010 fully paid up equ .....

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currently held by ICICI Bank Limited (ICICI) to Compassvale Investments Pte. Ltd (Compassvale), a foreign entity and 4% shares to Hasham Traders, a resident Indian entity. Insurance 4 16 M/s Taurus Ventures Limited M/s Taurus Ventures Limited has sought approval, for the issuance of shares to the shareholders of Max India pursuant to a demerger of Max India Limited whereby which each shareholder of Max India would be issued shares in the company in the ratio of 1:1 and M/s Taurus would become th .....

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s dated 28.11.2014 issued by the RBI. E-Commerce 7 22 M/s Reckitt Benckiser (India) Limited. M/s Reckitt Benckiser (India) Limited, a WOS of the Reckitt group, proposes to acquire 25.028% paid up share capital of M/s Reckitt Benckiser Healthcare India Limited from its current foreign investor viz. M/s Reckitt Benckiser (Singapore) Pte. Ltd., Singapore Pharma 8 25 M/s Athena Chhattisgarh Power Limited Approval has been sought for conversion of US $ 30 million of outstanding retention money into e .....

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ether the contravention requires compounding or not on the RBI and allow the Applicants to make a case before them for condoning of the contravention of FEMA as a minor offence. Tea Plantation 2 5 Veritas (India) Limited, Mumbai Post facto approval for the issuance of 4, 00,000 warrants convertible into equity shares for an aggregate consideration of INR 50 Crore. Trading 3 10 M/s KDK Softwares (India) Private Limited Approval/clarification for being engaged in the activity of facilitating the s .....

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