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TMI BlogThe Department of Economic Affairs, Ministry of Finance disposed off two FDI proposals involving Foreign Direct Investment (FDI) of 1.90 crore during November 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... The Department of Economic Affairs, Ministry of Finance disposed off two FDI proposals involving Foreign Direct Investment (FDI) of 1.90 crore during November 2017 X X X X Extracts X X X X X X X X Extracts X X X X ..... - 6-12-2017 X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.90 crore, 1. The following one (01) proposal has been approved: S. No Name of the applicant Gist of the proposal FDI (Rs. in crore) 1 Wells Fargo International Finance (India) Pvt Ltd Approv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al sought for issuance of equity shares to M/s Wells Fargo International Finance LLC and M/s Wells Fargo International Banking Corporation for meeting obligations pertaining to certain pre-operative/p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re-incorporation expenses and the proposed voluntary liquidation of Wells Fargo India. 1.90 crore 2. The following one (01) proposal has been rejected: S. No Name of the applicant Gist of the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oposal 1 SBI Macquarie Infrastructure Management Pvt Ltd Approval sought for undertaking capital and profit repatriation to shareholders, and to continue to act as an asset manager and investment a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dvisor without minimum capitalization norms. X X X X Extracts X X X X X X X X Extracts X X X X
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