Further to para 8 of the Press Release dated March 25, 2013, wherein it was stated that decision of the 6 (Six) proposals will be communicated separately, the Central Government has approved two (2)Proposals of Foreign Direct Investment (FDI) amounting to Rs. 89.33 crore approximately.
In addition, one proposal viz., M/s Yes Bank Limited, Mumbai amounting to Rs. 2650.00 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA).
Following two (2) proposals have been approved.
|
Sl. No. |
Name of the applicant |
Particulars of the proposal |
FDI/NRIinflows (Rs. in crore) |
PHARMACEUTICALS
|
1 |
M/s Sunij PharmaPvt. Ltd., Ahmedabd | Induction of additional foreign equity in a pharmaceutical company. |
0.46 |
ECONOMIC AFFAIRS (CM DIVISION)
|
2 |
M/s WCP Holdings III, Mauritius | Acquisition of shares of an Indian stock exchange (NSE) from an existing financial institution shareholder. |
88.87 |
The following two (2) proposals have been deferred:
|
Sl. No |
Name of the applicant |
Particulars of the proposal |
|||
|
1 |
M/s Brampton Pvt. Ltd. | Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company. | |||
|
2 |
M/s Scripbox.com India Pvt. Ltd., Bangalore | Indian company acting as facilitator of investments into mutual funds (other financial Services not mentioned in the FDI policy) proposes to receive foreign investment. | |||
The following one (1) proposal has been advised that FIPB approval is not required:
|
Sl. No. |
Name of theapplicant |
Particulars of the proposal |
|
1 |
M/s Indian Energy Exchange Limited, Mumbai | Post facto approval for the issue of compulsory convertible preference shares and equity shares to foreign investors. The company is engaged in the business of exchange of electricity. |
The following one (1) proposal has been recommended for the consideration of CCEA, as the foreign equity inflow involved in the proposal is above Rs.1200.00 crore.
|
Sl. No |
Name of theapplicant |
Particulars of the proposal |
FDI/NRI inflows (Rs. in crore) |
|
1 |
M/s Yes Bank Limited, Mumbai | To increase foreign equity participation through a qualified institutional placement (QIP) of Equity shares to eligible NRs and/or issue of GDRs to FIIs. |
2650.00
|
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