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Government Approves two (2) Proposals of Foreign Direct Investment (FDI) Amounting to ₹ 2.19 Crore Approximately; Recommends one Proposal for Approval of CCEA

News and Press Release - Dated:- 14-6-2016 - Press Information Bureau Government of India Ministry of Finance 14-June-2016 16:34 IST Based on the recommendations of Foreign Investment Promotion Board in its 235thmeeting held on 20th May 2016, the Government has approved two FDI proposals involving FDI of ₹ 2.19 crore, and recommended one proposal for approval of the Cabinet Committee on Economic Affairs. 1. The following two (02) proposals have been approved: S. No Item No Name of the appl .....

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42,600 ESOPs and exercise amount aggregating to INR 1,11,11,080/-. (ii) Grant of ESOPs to non-resident employee of Aurobindo Pharma Limited, after issue of Press Note 3 of 8 November 2011, which were exercised and shares issued against them after 8 November 2011 but before 11 June 2015, totalling to 1,18,700 ESOPs and the exercise amount aggregating to INR 1,08,72,920/- Pharma 2.19 2 5 Sterling Commerce Solutions India Private Limited Approval has been sought by Sterling Commerce for acting as a .....

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India. Investing Nil The following one (01) proposal has been recommended for approval of Cabinet Committee on Economic Affairs (CCEA) under para 5.2.2 of the extant FDI Policy, 2015: S. No. Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 11 M/s Holcim (India) Private Limited Approval sought by M/s Ambuja Cements Ltd., for acquisition of 24% shares in its holding company, Holcim (India) Pvt Ltd from the latter s holding company M/s Holderind Investments Ltd (NR) and .....

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proval dated November 12, 2015 do not apply to the NLEM drugs manufactured by MLL. Pharma 2 8 Vodafone India Limited Approval for the proposed acquisition of the entire share capital (100%) of M/s You Broadband India Limited. Telecom 3 12 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 Benc .....

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tion which was imposed vide letter dated 29.05.2015. Power exchange 3 6 M/s Veritas (India) Limited M/s Veritas (India) Limited has sought post facto approval for the issuance of 4,00,000 warrants convertible into equity shares for an aggregate consideration of INR 50 crore. Trade and distribution 4 9 M/s BMJ Group India Private Limited Approval has been sought to expand the scope of its business activities by engaging in the business of publication of certain scientific/specialty healthcare jou .....

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