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Government Approves Seven (7) Proposals of Foreign Direct Investment (FDI)

News and Press Release - Dated:- 24-8-2016 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its 238th Meeting held on 3rd August 2016, the Central Government has approved seven (07) FDI proposals as per details enclosed. S. No Item No Name of the applicant Gist of the proposal Sector FDI (Rs. crore) 1 2 M/s IMCD India Pvt. Ltd Post facto approval for issuing 42,13,814 equity shares of ₹ 10 fully paid up at a premium of ₹ 140 per share to IMCD Finance BV .....

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g (India) Private Limited has sought an approval for the take over the publication of the specialty magazine Print Week from Haymarket Media (India) Private Limited, its sister concern Publication Nil 4 7 M/s Laurus Labs Private Limited Approval for downstream investment into Sriam Labs Private Limited ( Sriam Labs ) by purchase of 10,368,455 equity shares of ₹ 10 each representing 73% of fully paid-up equity share capital of Sriam Labs from the existing shareholders for a total considerat .....

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ital Partners Fund II Limited Approval has been sought for the purchase of 100% of the shareholding of Adcock Ingram Healthcare Private Limited from Adcock Ingram Healthcare (Pty) Ltd and Adcock Ingram International (Pty) Ltd Pharma Nil 7 16 M/s Tikona Digital Networks Pvt Ltd Approval has been sought for the issuance of CCDs thereby increasing foreign equity to 76.73% Telecom 267.00 The following seven (07) proposals have been deferred: S. No. Item No Name of the applicant Gist of the proposal .....

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vate Limited to Falstaff Singapore Pte Ltd, currently held by Pearson, Amsterdam (iii) Transfer of entire shareholding of Falstaff Singapore Pte Ltd to Nikkei Inc, currently held by Pearson, Amsterdam Publishing 3 10 M/s HSBC Securities and Capital Markets (India) Pvt Ltd Approval has been sought for: - I. Merger of the FIPB approval letter no. FC-II 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and approval letter no. FC-II 160(2005)/157(2005) dated 21.06.2005. II. Incorp .....

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d operating related digital content platform in India. Up-linking of Non-News 5 15 M/s Morgan Stanley India Primary Dealer Private Ltd Approval for increasing equity participation from 75% to 100% by way of transfer of equity shares from M/s Morgan Stanley India Capital Private Limited (indirectly owned by Foreign Investor) to M/s Morgan Stanley Mauritius Company Limited, Mauritius by amending the earlier approval. Financial Services 6 18 M/s Idea Cellular Infrastructure Services Limited The app .....

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