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. | |
