14 FDI Proposals Worth Rs. 1289.85 Crore Approved

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs. in crore)

1

M/s MFGlobalSifySecuritiesIndiaPvt. Ltd., Mumbai

Ex-post factoapproval(i)forsettingup ofstepdownsubsidiaries,includinginCommodityBrokingand(ii) touseinternalaccruals/free reserves tomakedownstreaminvestmentsrequiredtomeettheminimumcapitalizationnorms. 

Nofreshinflow

2

M/s UnihornIndiaPvt. Ltd., Delhi & Haryana

Ex-post factoapprovalforissueandallotmentof partlypaidupRightsEquityshares tocarryoutthebusinessoftechnicalandengineeringconsultants, advisors, planners, engineeringforconstructionof roads, airports and bridges.

1.24

3

M/s Ghir Investments (Mauritius) Ltd.,Mauritius

Inductionofforeignequityin anInvestingcompany.

530.00

4

M/s VRL Logistics Ltd.

Inductionofforeigninvestmentthrough an IPOtocarryoutthebusinessoftransportationofgoodsandpassengers,Courierservicesotherthanpostalservices, aircraftcharterservices, andwindpowergeneration, involving theinstallationandsaleofelectricityproducedbywind power generators.

Notindicated

5

M/s PCRD Services Pte. Limited,Singapore

Toincreasetheforeignequitypercentagein aninvestingcompany.

4.05

6

M/s Vivimed Labs Ltd.,Hyderabad

Transferofsharesbyway ofshare swap.

Nil

7

M/sTrigunaHospitalityVentures (India) Pvt. Ltd.

Toamendtheclauseof the FCapprovaltoincludeanewforeigncollaborator in aninvestingcompany.

Nil

8

M/s Taksheel Solutions Ltd.

Expostfactoapprovalfortransferof sharesbyway ofshares swap.

Nil

9

M/s Dhunseri Investments Ltd., Kolkata

Toissueandallotequityshares to the non-residentshareholdersconsequentupon demerger.

715.00

10

M/s G+JInternationalMagazines GmbH,Germany

Inductionofforeignequitytocarryoutthebusinessofpublicationandsaleof speciality andlifestylemagazines inIndia.

7.35

11

M/s KyudenInternationalCorporation,Japan

Tosetup a JVcompanytoactasaninvestingcompany tomakedownstreaminvestmentin thebusinessofdevelopingandestablishing renewablepowerprojects.

1.625

12

M/s Pipavav Shipyard Ltd.,Gujarat

Toundertakeadditionalactivityrelating todefencesector.

Nil

13

M/s OryxAviation(India) Pvt. Ltd., Kolkata

InductionofforeignequitybyacompanyfromBangladeshtocarryoutthebusinessof General Services Agent.

0.99

14

M/s GremachInfrastructureEquipments & ProjectsLimited

Ex-post factoapprovalforissueof warrants.  The company is engaged in the business ofprovidingequipmentsonrentalforinfrastructureprojects.

29.60

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Forbo Holding AG,Lindenstrasse,Switzerland

Tosetup anewWoS toundertakethebusinessof manufacturing, sale, distribution, lease,importandexportofpowertransmissionbelts,sophisticatedconveyorandprocessingbelts as well as plasticmodular, timing andflatbeltsmadeof syntheticmaterials andotherrelatedmachines andtools.  The proposalattracts para 4.2.2.2 of Circular 2 of 2010 of the Consolidated FDI policy.

2

M/s PunjLloydLtd., Delhi & Haryana

Toundertakeadditionalactivities of manufacture,assemblyandrepairofdefenceequipment.

3

M/s SejongIndustrialCo. Ltd.,RepublicofKorea

Tosetup anewWoS toundertakethebusinessofmanufacturingandsupplyofautomobilepartsand componentsincludingexhaustmufflerassemblyand catalytic converters.  The proposalattracts para 4.2.2.2 of Circular 2 of 2010 of the Consolidated FDI policy.

4

M/s iFastFinancialIndiaPvt. Ltd., Mumbai

Toengageinthebusinessof publishing magazine.

5

M/s Kale Consultants, Pune

Ex-post-factoapprovalforissueof warrants.  The company is engaged in IT sector.

6

M/s ACB (India) Limited,Delhi

Ex-post-factoapprovalforissueof warrants.  The company is engaged in the business of coal washing and electricity generation.

7

M/sOrientalTollways Pvt. Ltd., Delhi & Haryana

Inductionofforeignequityin anInvestingcompany.

8

M/sAlHabtoor-STFA SoilGroupLLC,Dubai, UAE

Tosetup a WOS toundertakethebusinessof bored piling, shoring,diaphragmwallconstruction,anchoring,sheetpiling, soil improvement, jet grouting, CFA piling, vibro piling,stonecolumns, wick drains,dynamicconsolidation,reversecirculationdrilling inrockandmini piling.  The Proposalattracts provision of para 4.2.2.2 of Circular 2 of 2010 of the Consolidated FDI Policy.

9

M/sHarshIntertradePrivateLimited, Ahmedabad

Ex-post-factoapprovalforallotmentof sharesagainsttheamountreceivedandkeptinEscrowaccount.  The company is engaged in the business of Development and Management of Hotels.           

10

11

M/s Shiva Regency Pvt. Ltd., Ahmedabad

Ex-post-factoapprovalforallotmentof sharesagainsttheamountreceivedandkeptinEscrowaccount.  The company is engaged in the business of Development and Management of Hotels.

12

M/s Rahimafrooz Batteries Ltd.,Bangladesh

Tosetup a WOS toundertakeimportandwholesaledistributionof batteries andprovidingaftersalesservices inIndiabyacompanyfromBangladesh.

13

M/s ArshiyaInternationalLtd., Mumbai

Ex-post-factoapprovalforissueof warrants tocarryoutthebusinessofprovidinglogistics solutions,integratedsupplychainandlogisticsinfrastructureservices.

14

M/s MainiPrecisionProducts Pvt. Ltd.,Bangalore

Toundertakedefencerelatedadditionalactivities ofmanufactureof partsandaccessoriesof aircrafts, spacecrafts.

15

M/s VerizonCommunicationsIndiaPvt. Ltd.

Transferofequitysharesfromnon-residentshareholdertonon-residentgroupinTelecom Sector.

16

M/sPranBeverages (India) Pvt. Ltd., Kolkata

InductionofforeignequitybyacompanyfromBangladesh.

17

M/s Checkmate Services Pvt. Ltd.,Gujarat

Inductionofforeignequityin acompanyengagedinprivatesecurityservices.

18

M/s LokmatMediaLimited, Mumbai

Inductionofforeignequitybyway ofIPO,includingissuanceandallotmentofequitysharestopersonresidentoutsideIndia,includingFIIs, foreign VCFs,multilateralandbilateralfinancialinstitutions and non-resident Indians tocarryout thebusinessof publishing ofnewspapers dealing with news andcurrentaffairs.

19

M/s YbrantDigitalLtd.

Expostfactoapprovalforissueof warrants tocarryoutthebusinessofSoftwareDevelopment, ITandITenabledservices.

20

M/s Southern CNG AutomobilesIndiaPvt. Ltd., Kolkata

InductionofforeignequityinbyacompanyfromBangladesh.

21

M/s RoyaleAsiaCouriers Pvt. Ltd., Chennai

Inductionofforeignequitytocarryoutthebusinessofinternationalcourieroperations.

22

M/s EssarCapitalHoldings (India) Ltd., Mumbai

Acquisitionofequitysharesbyway ofsubscriptiontonewequity sharesand/orpurchaseofexistingequity shares in aninvestingcompanyengagedin the telecom sector.

23

M/s Netmagic Solutions Pvt. Ltd., Mumbai

Toincreaseforeignequityfrom49percentto 74 per cent tocarryoutthebusinessofISPwith gateways.

24

M/s Mango Holding Limited,Bangladesh

Tosubscribetoequityshares of anIndiancompanyengagedin thebusinessofmanufacturingandSupplyof WirelessEquipmentbya companyfromBangladesh.

25

M/s Augere Wireless BroadbandIndiaPvt. Ltd.,Delhi

Toincreaseforeignequityfrom49percentto 74 per cent tocarryoutthebusinessof Broadbandwireless services,internetservices andothertelecommunicationrelatedservices.

26

Mr. M. RezaulHassanandMs.Monnujan Nargis,Bangladesh

Expostfactoapprovaltosetup a WOS toundertakethebusinessofSoftwaredevelopmentServicesbycitizens ofBangladesh.

27

M/s UT StarcomIndiaTelecomPrivateLimited

Toundertakeadditionalactivityrelating to Telecom/I&B sector.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Henry LamotteIndiaPvt. Ltd.

Ex-post-factoapprovalforcapitalisationof the pre-incorporation.  The company engaged in the business of sales of Natural oil, waxes and special ingredients. 

2

M/s DieffenbacherIndiaPvt. Ltd., Karnataka

Ex-post-factoapprovalforcapitalisationof the pre-incorporationandpreliminaryexpensestocarryoutthebusinessofMarketingandsalessupportservices.

3

M/s MecordsIndiaLtd., Mumbai

Ex-post-factoapprovalforissueof partlypaidupequityshares.

4

M/s BramptonInfrastructureIndiaPrivateLimited

(i)Grantofcondonationof delaysinfulfilmentofminimumcapitalizationnorms;and(ii)Postfactoapprovalforcapitalization of pre-incorporationexpenses.

5

M/s EverstyleHotelSuppliesIndiaPrivateLimited

Toissuesharesagainstconsiderationotherthaninternalremittance.

Sl. No

Name of the applicant

1

Mr.JaishankarRamchandran, NRI,South Africa

Sl. No.

Name of the applicant

1

M/sEagleHunterSolutions Ltd., Delhi & Haryana

2

M/s Abbott Truecare Pharma Pvt. Ltd., Mumbai

3

M/s Rajpur HydroPowerPvt. Ltd., Shimla

4

M/sPeopleInfocom Pvt. Ltd., Mumbai