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)


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.


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

Sl. No

Name of the applicant

Particulars of the proposal


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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