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Government Approves 1 Proposal of Foreign Direct Investment

Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately.

Following 1 (One) proposal has been approved.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s Hubert BurdaMedia India Pvt. Ltd WoS of a foreign company to act as an operating cum investing company and to make downstream investment in an Indian company engaged in printing and publishing of speciality magazines.

7.00

2.         The following 1 (One) proposal has been deferred:

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Bay Capital Investment Ltd, Mauritius Acquisition of shares in a listed Indian Company which is the Core Investment Company of a leading infrastructure developing group of companies.

Tags: BusinessFinancial servicesforeign direct investmentGovernmentIndiaInvestingInvestmentMauritius

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