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Government Approves One (1) Proposal Of Foreign Direct Investment (FDI)

News and Press Release - Dated:- 11-8-2016 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 237thmeeting held on 12th July 2016, the Government has approved one Foreign Direct Investment (FDI) proposal as per details enclosed. 1. The following one (01) proposal has been approved: S. No Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 15 M/s Janalakshmi Financial Services Limited Janalakshmi Financial Services Limited has sought an appr .....

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broadcasting of a business news television channel and operating the related digital content platform in India. Information and Broadcasting 2 6 Mr Delbert Winn Approval has been sought to establish a film academy in Gujarat with 76% of foreign investment by M/s Cinematrix, Inc, USA, to offer MFA-MBA joint Post Graduate Diploma and certificate courses Education 3 7 M/s Morgan Stanley India Primary Dealer Private Ltd Approval for increasing equity participation from 75% to 100% by way of transfe .....

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he company from 81.63% to 100%. Telecom The following four (04) proposals have been rejected: S. No. Item No Name of the applicant Gist of the proposal Sector 1 1 M/s Sistema ShyamTeleServices Limited Approval has been sought for the exit of the resident shareholders and transfer of their holdings to the existing foreign shareholders i.e. M/s Sistema Joint Stock Financial Corporation, Russia and Federal Agency for the State Property Management (Rosimushchestvo), thereby increasing the foreign sh .....

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ply Vessel. Shipping 3 4 M/s Rev India Pvt. Ltd. Post Facto approval has been sought by for issue of equity shares out of funds received from their parent company for business expenses. NBFC 4 13 M/s G4S Cash Solutions (India) Private Limited i. Post-facto approval for the investment of ₹ 50 Lacs by G4S Plc in G4S Cash on October 04, 2006 and the allotment of 5,00,000 equity shares of G4S Cash to G4S Plc on May 06, 2008 ii. Post-facto approval for the investment of ₹ 1.00 crore by G4 .....

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G4S Cash may be repatriated. iv. Approval for share capital infusion (in one or more tranches) of up to ₹ 130.00 crore by G4S International Holdings Limited, UK into G4S Cash, for the issuance of further equity shares of G4S Cash to G4S International Holdings Limited, UK, to be used for the purpose of repaying all the liabilities and winding up costs of G4S Cash. Private security Agency The following two proposals did not lie before FIPB: S. No Item No Name of the applicant Gist of the pro .....

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