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On the recommendations of Foreign Investment Promotion Board the Government approves three FDI proposals involving FDI of ₹ 223.25 crore and also approves one proposal listed as a tabled item involving an FDI of ₹ 420 crore

News and Press Release - Dated:- 7-7-2016 - Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its 236th Meeting held on 10th June 2016, the Government has approved three (03) FDI proposals involving FDI of ₹ 223.25 crore, and also approved one proposal listed as a tabled item involving an FDI of ₹ 420 crore. The following three (03) proposals have been approved: S. No Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 3 M/s Coro .....

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roducts, by way of a business transfer on a slump sale basis. Pharma 77.05 3 14 M/s Macmillan Publishers International Ltd, UK Approval has been sought for foreign investment of up to 100% in a new company ( New Co.) , proposed to be incorporated in India. Publishing 28.20 The following eight (08) proposals have been deferred: S. No. Item No Name of the applicant Gist of the proposal Sector 1 2 M/s Oxigen Services Pvt Ltd Approval has been sought for removal of clause no. 4,5,7,10 & 11 of FI .....

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bu Diamond Tools (India) Pvt. Post facto approval has been sought for conversion of ₹ 94,78,475/- payable to M/s. Diabu Diamantwerkzeuge Heinz Beuttner GmbH into 42,127 equity shares Wholesale trading 4 6 IBM India Pvt Ltd i. Merger of its 4 WoS into its another WoS, Sterling Commerce Solutions Private Limited which is an investing company. ii. Post-facto approval for Telelogic India Private Limited to act as an investee company which is holding investments in IBM Business Consulting Servi .....

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ital Partners Fund II Limited i. Purchase of 100% of the shareholding of Adcock Ingram Healthcare Private Limited from Adcock Ingram Healthcare (Pty) Ltd and Adcock Ingram International (Pty) Ltd, and ii. upon completion of the aforesaid acquisition of AIHPL by the applicant, approval from the FIPB for the downstream investment of ₹ 10 crore by AIHPL in Oaknet Life Sciences Private Limited (Oaknet), a brownfield pharmaceutical company Pharma 6 10 DCNS Approval has been sought by DCNS to se .....

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has sought an approval for swap of shares NBFC The following two (02) proposals have been rejected: S. No. Item No Name of the applicant Gist of the proposal Sector 1 1 M/s Flag Telecom Singapore Pte Limited, Singapore An indirect wholly owned subsidiary of Reliance Communications (RCOM), India has sought approval for setting up a 100% subsidiary telecom company, which is yet to be incorporated. Telecom 2 8 Star Den Media Services Private Limited Approval has been sought for changing its busine .....

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