Govt gives nod to six FDI proposals worth Rs 551 cr
03/07/2014 17:35
The Finance Ministry has given its nod to six foreign direct investments (FDI) with a total investment of about 551 crore, said the media report. The proposals cleared include Mauritius-based Destimoney Enterprises Limited’s Rs 489.99 crore proposal for subscribing to 3,76,92,300 partly paid equity shares of PNB Housing Finance Ltd, said the media report. However, the government has deferred the proposals that of Walt Disney, News Laundry, BNP Paribas and Indian Rotorcraft, among others, said the media report. The FIPB, which is scheduled to meet on Friday, will take up 31 FDI proposals, which include that of Johnson & Johnson and Monsanto Holdings. Others that have been cleared include Amri India Private Limited’s proposal for fresh investment of USD 10 million from its parent company Albany Molecular Research, Mauritius and Brunswick India Limited’s application for making 99.99 per cent investment in the capital of a Limited Liability Partnership to be incorporated in India. The proposals were all cleared by the FIPB at its meeting last month, following which they have been officially given the go-ahead by the Finance Ministry.
03/07/2014 17:35
The Finance Ministry has given its nod to six foreign direct investments (FDI) with a total investment of about 551 crore, said the media report. The proposals cleared include Mauritius-based Destimoney Enterprises Limited’s Rs 489.99 crore proposal for subscribing to 3,76,92,300 partly paid equity shares of PNB Housing Finance Ltd, said the media report. However, the government has deferred the proposals that of Walt Disney, News Laundry, BNP Paribas and Indian Rotorcraft, among others, said the media report. The FIPB, which is scheduled to meet on Friday, will take up 31 FDI proposals, which include that of Johnson & Johnson and Monsanto Holdings. Others that have been cleared include Amri India Private Limited’s proposal for fresh investment of USD 10 million from its parent company Albany Molecular Research, Mauritius and Brunswick India Limited’s application for making 99.99 per cent investment in the capital of a Limited Liability Partnership to be incorporated in India. The proposals were all cleared by the FIPB at its meeting last month, following which they have been officially given the go-ahead by the Finance Ministry.
