4 FDI Proposals Amounting to Rs. 280.00 Crore Approved by FIPB

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..... 4 FDI Proposals Amounting to Rs. 280.00 Crore Approved by FIPB
News and Press Release
Dated:- 28-1-2013

Press Information Bureau Government of India Ministry of Finance 28-January-2013 18:04 IST Further to Para 5 of the Press Release dated January 11, 2013 regarding Foreign Direct Investment (FDI) proposals approved by FIPB, wherein it was stated that decision in case of the Five .....

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..... (5) proposals will be communicated separately, the Central Government has now approved the following Four (4) proposals out of them amounting to Rs. 280.00 crore approximately. Following 4 (Four) proposals have been approved. Sl. No. Name of the applicant Particulars of the proposal FDI/NRI inflows (Rs. in crore) ECONOMIC AFFAIRS 1 M/s IvyCap Ventures Trust To allow NRI investment throu .....

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..... gh normal banking channels in compliance with FEMA Regulations and extant FDI Policy. 200.00 ELECTRONICS & INFORMATION TECHNOLOGY 2 M/s Wipro Limited, Bangalore Transfer of shares by way of swap consequent to a demerger of non-IT activities. The company is engaged primarily in IT sector and also in other diversified activities including defence. Nil POWER 3 M/s Spanco Power Distribution L .....

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..... td., Mumbai Post facto approval to act as an investing company and make downstream investments in its WoS and other companies in the power distribution sector. 80.00 ELECTRONICS & INFORMATION TECHNOLOGY 4 M/s GPX India Private Limited, Maharashtra To issue equity shares to the Foreign Collaborator against import of capital goods/equipment/machinery to carry out the business of setting up of .....

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..... domestic Other Service Provider (OS) (Data Centre) for providing various products and services to its clients/customers. Nil 2. The following 1 (One) proposal has been deferred: Sl.No Name of the applicant Particulars of the proposal 1 M/s Yalamanchili Software Export Ltd., Chennai Conversion of non-repatriable equity held by majority shareholder to repatriable equity and share swap of thi .....

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..... s holding to shares of a foreign company. * * * * * DSM/RS/ka
News - Press release - PIB .....

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