Corrigendum to Press Release Dated 17th June 2015 Regarding Proposals of Foreign Direct Investment

With reference to the Press Release (of even number) dated 17th June 2015, it is clarified that the proposal of M/s Stericat Gut Strings Pvt. Ltd (as at sl. No. 1 of para 1) has been approved in so far as it relates to acquisition of shares by the foreign investor for cash consideration. The part proposal involving acquisition of shares by way of share swap has been rejected by the Government.