21 FDI proposals approved

            Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Nilorngruppen AB, Sweden

To acquire 100% equity shares to carry on manufacture and wholesale cash and carry trading business.  Proposal attracts Press Note 1 of 2005.

0.01

2

M/s BASF SE, Germany

To acquire equity shares by way of an "Open Offer" to undertake manufacturing and trading of speciality chemicals and in commoditized products.

63.00

3

M/s Dunham-Bush International Pte Ltd., Singapore

To set up a WOS to carry out the activities relating to: - (i) manufacture, sale, repair, hire of air conditioned plants, all sorts of refrigerators, cooling appliances, apparatuses and machinery, and all component, parts, accessories, articles and fittings, and (ii) wholesale/cash & carry trading in all sorts of refrigerators, cooling appliances, apparatuses and machinery, and all component, parts, accessories, articles and fittings.  The proposal attracts Press Note 1 of 2005.

1.00

4

M/s Edipresse Asia Limited (EAL), Hong Kong

To subscribe either by itself or through its affiliates, subsidiaries or group companies to  equity shares of the issued and paid-up share capital of the joint venture company proposed to incorporate in India to carry out the business of publishing, ownership, promotion, marketing and distribution of the specialty magazines (for consumer and trade media).

0.29

5

M/s Autostrade per I'Italia S.p.A and Spea Ingegneria Europea S.p.A

To set up a Wholly owned subsidiary, which will act as pure investing company for infrastructure projects.

0.05

6

M/s Compagnie Financiere Michelin ('CFM') & Nitor S.A ('Nitor'), Switzerland

To acquire 100% of the paid up share capital of the Indian Company to carry out the activities relating to manufacturing of tyres and tubes.    The proposal attracts Press Note 1 of 2005.

0.01

7

M/s Femi Medical Services Ltd., Israel

To acquire the entire initial share capital from the existing shareholders.  The proposal attracts Press Note 1 of 2005.

0.01

8

M/s Kusakabe Electric & Machinery Co. Ltd., Japan

To set up a Wholly Owned Subsidiary (WOS) to carry out the activity relating to manufacturing of machinery for tube & pipe mills and other associated equipment.  The proposal attracts Press Note 1 of 2005.

05.00

9

M/s G+J International Magazines GmbH, Germany

To establish wholly owned subsidiary in India by way of acquisition of 100% shares to carry out the  business of publishing specialty magazines, periodicals and journals in various segments.  

0.01

10

M/s Metal One Corporation, Japan (No.125/2009-FC.I)

To set up a Joint Venture to undertake the activities relating to slitting, shearing, leveling, blanking, oiling, and core cutting of ESS and non-ESS flat steel; and sale of the ESS and non-ESS flat steel.  The proposal attracts Press Note 1 of 2005.

5.14

11

M/s Temcor Rollwell Domes Pvt. Ltd., Mumbai  

To induct foreign investment in investing company.

0.76

12

M/s Ventureeast Trustee Company Pvt. Ltd.

(i) To accept contributions upto a limit of USD 2 million into the Fund under the foreign direct investment route and to issue Units in the Fund; (ii) to permit the Fund to make investments in securities of the Indian companies; and (iii) to permit the Fund to distribute income realized on its investment under the automatic route, subject to payment of applicable taxes in India.

9.61

13

M/s SHV Energy India Pvt. Ltd.

To carry on the additional business of LPG equipment and LPG Services.

No Fresh Inflow

14

M/s Tikona Digital Networks Pvt. Ltd.

To amend the FC approval.

No Fresh Inflow

15

M/s Vodafone Essar Spacetel Pvt. Ltd.

To include additional item of activity in FC approval.  The company is engaged in the Cellular mobile telephone services and Unified Access Service Provider.

Not Indicated

16

M/s Vodafone Essar South Ltd.

Inclusion of 'Internet Service Provider' as an additional item of activity in the FC approval.

Not Indicated

17

M/s Basell Polyolefins India Pvt. Ltd., Mumbai

To carry out wholesale trading and manufacturing activities.  The proposal attracts Press Note 1 of 2005.

No Fresh Inflow

18

M/s Esys Information Technologies Pvt.  Ltd.

To make an amendment in the FC approval by including some more trading/manufacturing activities.

No Fresh Inflow

19

M/s Ortus Infratel and Holdings Pvt. Ltd., New Delhi

Induction of FDI in the companies engaged in telecom infrastructure providers (Category-I) and conversion of operating company into operating cum holding company to make downstream investments.

0.01

20

M/s Eros International Media Pvt. Ltd., Mumbai

Ex-post-facto approval  for the investment already made by way of purchase of shares as the proposal had attracted the provision of Press Note 18 of 1998 (now Press note 1 of 2005).  

No Fresh inflow

21

M/s BGS Smartcard Systems (I) Pvt. Ltd.

To amend the FC approval.

No Fresh Inflow

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Coles Cranes Group Ltd., U.K

To purchase equity shares instead of warrants through Stock Exchange(s) and/or through block deal remitted already for the purchase of warrants.

2

M/s Teesta Urja Ltd., New Delhi

Ex-post facto approval to regularize the allotment of equity shares on partly paid basis.

3

M/s IHHR Hospitality Pvt. Ltd., New Delhi

Ex-post facto approval to regularize the allotment of equity shares on partly paid basis.  

4

M/s Powermax Communications Pvt. Ltd., New Delhi

To increase in the foreign equity participation from the existing 49% to 74% in the enhanced paid up capital.  The company is engaged in providing broadband communication networks, systems, products and services, power transmission and distribution management systems and services and smart grid networks, systems, services and products.

5

M/s IL&FS Trust Company Ltd., Mumbai

To subscribe to Units of the Trust in consideration of contribution of assets to the Trust at the fair value determined and to permit the Trust to accept contribution in kind and to allow the Trust to continue to hold investment in Multi Commodity Exchange of India Limited (MC).  

6

M/s Exensys Software Solutions Ltd.

Ex-post facto approval for issuance of warrants convertible into equity shares.

7

M/s Interpublic Mauritius Ltd., Mauritius

To make investment of 50% equity by way of subscribing to equity shares.  The proposal attracts Press Note 1 of 2005.

8

M/s Capricorn Infrastructure Pvt. Ltd., Mumbai

To seek relaxation in the clause (b) of Press Note 2 of 2005 with respect to minimum capitalization and asking the permission to receive balance amount as fresh inflow of funds to achieve the minimum capitalization norms.

9

M/s Zee Entertainment Enterprises Ltd.

Transfer of fully paid equity shares to an overseas entity belonging to the Promoters Group, for up-linking a non-news and current Affairs TV channel.

10

M/s High Mark Credit Information Services Pvt. Ltd.,

To provide for enhancement of permitted foreign investment to 40% of the issued share capital.

11

M/s KVK Energy & Infrastructure Pvt. Ltd.,

To raise additional FDI from an existing investor by way of issue of Compulsorily Fully Convertible Debentures.     

12

M/s India Rizing Fund

To amend the FC approval.

13

M/s United Breweries (Holdings) Limited, Bangalore

Ex-post facto approval for (i) issue of fully convertible equity warrants, and (ii) for allotment of fully paid up equity shares on conversion of convertible equity warrants.

14

M/s Unitech Wireless (Tamilnadu) Pvt. Ltd

To increase the foreign shareholding up to 74%.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Blaser Swisslube India Pvt. Ltd.,

To delete the condition of test-marketing and accord approval for temporary exemption from manufacturing activity and allow them to continue only with the business of cash and carry wholesale trading.

2

M/s SKR BPO Services Pvt. Ltd.

The downstream acquisition of shares by Intelenet in Sparsh be considered valid and the approval be modified by deletion of the requirement to approach the RBI for compounding.

3

M/s Tata Teleservices Ltd.

To amend the FC approval.

4

M/s Bharti Telemedia Ltd

To amend the FC approval.

5

M/s NTT Docomo Inc Japan

To amend the FC approval.

6

M/s Matrix Enport Holding Pvt. Ltd, Hyderabad

To allot and issue shares to the Indian companies and/or their respective affiliates fully paid up equity shares and/or compulsorily convertible preference shares and to invest in other companies engaged in such business falling under the same sector.

7

M/s Nagarajuna Construction Ltd.

To amend the FC approval.

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In Crore)

1

M/s Seagram India Ltd.

Conversion of operating company into an operating cum holding company to make further downstream investment.

No Fresh Inflow