17 FDI proposals approved

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Milliken Chemical and Textile (India) Co. Pvt. Ltd., Maharashtra

To issue equity shares against post-incorporation-expenses.

No fresh inflow

2

M/s Vaibhav Gems Ltd., Jaipur

Ex-post-facto approval for issuance and allotment of warrants.

Nil

3

M/s FIAMM S.p.A. Italy

To set up a joint venture to carry out Retail trading of lead acid batteries under the single brand.

0.24

4

M/s Diversified Communication India Pvt. Ltd., Mumbai

Induction of 100% FDI in print media sector.

5.00

5

M/s Publish Industry India Pvt. Ltd., Pune

Induction of 100% FDI for undertaking publishing of speciality magazines. 

1.00

6

M/s ArcelorMittal Netherlands B.V. Netherlands

Induction of foreign equity in a company engaged in the business of manufacture of cold-rolled semi finished iron and steel products in cold rolling mills etc. The proposal attracts PN 1 of 2005.

503.37

7

M/s Actis Biologics Pvt. Ltd.

To issue shares against technology transfer.

Nil

8

M/s Reliance Asset Reconstruction Company Ltd.

Ex-post-facto approval for issue of partly paid up shares to foreign collaborators.

Nil

9

M/s Electrosteel Castings Ltd.

To issue and allot eligible securities including equity shares and/or non convertible debt instruments alongwith warrants, on private placement basis. 

600.00

10

M/s Mitsui & Co. India Pvt. Ltd.

Expansion of business activities.  The proposal attracts Press Note 1 of 2005.

Nil

11

M/s Star India Pvt. Ltd.

Ex-post-facto approval for induction of foreign collaborator.

Nil

12

M/s Teesta Urja Ltd.

Extension of time in order to enable the foreign collaborator to arrange the necessary funds for conversion of balance partly paid up shares into fully paid up equity shares.

Nil

13

M/s Hathway Cable and Datacom Pvt. Ltd.

Induction of foreign equity by issuing IPO to undertake Cable TV Services as multimedia system operator and as Internet Service Provider category "A" licensee.

16.65

14

M/s Vyoneesh Technologies Pvt. Ltd., Delhi

To set up a Joint Venture Company with 26% foreign equity for manufacturing, designing, etc. of defence related equipment.

1.56

15

M/s Clarita International Ltd., Mauritius

To issue warrants.

30.96

16

M/s UTV Software Communication Ltd.

To issue and allot equity shares pursuant to the scheme of arrangement approved by the Hon'ble High Court of Bombay.

No Fresh Inflow

17

M/s Sify Technologies Ltd.

Merger of the company as per the Scheme of Amalgamation approved by the High Court of Madras.

Nil

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Luxury Goods Retail Pvt. Ltd.

Induction of foreign equity to carry out retail trading of products under the single brand.

2

M/s JM Financial Asset Reconstruction Company Pvt. Ltd., Mumbai

Induction of foreign equity in a company engaged in the activities of Asset Reconstruction.

3

M/s Mercer Inc. New York

To set up a JV company in the insurance sector. The proposal attracts PN 1 of 2005.

4

M/s Pepsico India Holdings Pvt. Ltd.

Induction of additional foreign equity.

5

M/s Eads Deutchland GmbH (EADs), Germany and Larsen & Toubro Limited (L&T), Mumbai

To incorporate a manufacturing Joint Venture company to undertake the production of defence equipment (manufacture of arms and armaments).

6

M/s Verizon Communications India Pvt. Ltd.

Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector.

7

M/s Telecom Investments India Pvt. Ltd.

Sale and transfer of equity shares from Resident India to Non Resident.

8

M/s Out-of-Home Media (India) Pvt. Ltd., Mumbai

Conversion of operating company into operating-cum-Investing Company and to make downstream investments.

9

M/s Premiere Conferencing (Ireland) Ltd., Ireland

To set up a wholly owned subsidiary to undertake the business of providing audio/ web conferencing and collaboration services and data communication services in India.

10

M/s Scorpios Beverages Pvt. Ltd., Delhi

Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector.

11

M/s AG Mercantile Company Pvt. Ltd., Mumbai

Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector.

12

M/s DYNAMIC Alternatives (Pty) Ltd.

To set up a Wholly Owned Subsidiary for the business of Detective & Protective Services.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s TCL India Holdings Pvt. Ltd.

To issue and allot equity shares against import payables.

2

M/s Maharishi Solar Technology (P) Ltd., New Delhi

Induction of investment from Indian company on behalf of a Foreign company on account of an arbitration proceeding.

3

M/s Nova Integrated Systems Ltd., Mumbai

To issue fully and Compulsorily Convertible Debentures (CCDs)/ Equity Shares, for undertaking manufacturing and marketing of defence equipment.

4

M/s Jaipur IPL Cricket Pvt. Ltd., (JIPL), Mumbai

To induct 100% foreign equity by way of issue of shares for consideration other than cash inflow.

5

M/s Opto Circuits (India) Limited, Bangalore

Preferential issue of Convertible Warrants under SEBI (DIP) guidelines.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s GE Capital Transportation Financial Services Ltd.

Merger in accordance with the orders passed by the Hon'ble High Court sanctioning the scheme of amalgamation/merger.

Nil

2

M/s Geomysore Services (India) Pvt Ltd.

To take note of the scheme of the demerger.

Nil

Sl. No

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Jet Airways (India) Limited, Mumbai

Equity investment through the Qualified Institutions Placements (QIP) route from qualified Foreign Institutional Investors (FIIs).

2000.00

2

M/s Indium IV (Mauritius) Holdings Ltd.

To invest in the units of the Fund.

2500.00