Department of Economic Affairs disposes five (5) FDI proposals aggregating to Foreign Investment of 3,250 crores during the month of April, 2018.

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..... Department of Economic Affairs disposes five (5) FDI proposals aggregating to Foreign Investment of 3,250 crores during the month of April, 2018.
News and Press Release
Dated:- 11-5-2018

Ministry of Finance Posted On: 11 MAY 2018 3:21PM by PIB Delhi During the month of April, 2018, the Department of Economic Affairs ​(DEA)​, Ministry of Finance has disposed of five FDI .....

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..... proposals aggregating to ​Foreign ​I​nvestment of ₹ 3,250 crores, as per details attached. The following three (03) proposals have been approved: S.No. Name of the applicant Gist of the proposal FDI (Rs. In crore) 1. M/s Alcon Laboratories (India) Pvt Ltd (No. 4681) To undertake financial lease of ophthalmic surgical equipment in India in addition to the existing b .....

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..... usiness of wholesale trading in India. Nil 2. M/s CVC Asia Pacific (Singapore) Pte. Limited (No. 4631) Amendment application relating to imposition of minimum capital norms Nil 3. M/s Hindustan Infralog Pvt Ltd (No. 4714) Seeking approval for foreign investment in M/s Hindustan Infralog Pvt Ltd, a proposed investing company, from M/s DP World Global Investment BV, Netherlands amounting to .....

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..... 65% of paid-up share capital of M/s Hindustan Infralog Pvt Ltd. Up to ₹ 3,250 crore The following one (01) proposal has been returned to the applicant on the ground of being premature: S.No. Name of the applicant Gist of the proposal 4. M/s Northvale Capital Partners Private Limited (No. 4677) Seeking approval for acquisition of up to 100% of the share capital of a non-operational in .....

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..... vestment holding company, namely M/s Vadodara Stock Exchange Limited, a derecognized stock exchange. The following one (01) proposal has been rejected: S.No. Name of the applicant Gist of the proposal 5. M/s Kora Research Advisors India LLP (No. 4674) Seeking post facto approval for the cumulative investments made by M/s Kora Management LP, USA and M/s Kora LLC, USA in M/s Kora Research Adv .....

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..... isors India LLP. ****** DSM/RM/KA (Release ID: 1531885) Visitor Counter : 69
News - Press release - PIB .....

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