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TMI BlogDepartment of Economic Affairs disposes six (6) FDI proposals aggregating to foreign investment of ₹ 85.45 crore in September 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... Department of Economic Affairs disposes six (6) FDI proposals aggregating to foreign investment of ₹ 85.45 crore in September 2017 - News and Press Release Dated:- 10-10-2017 - News - During the month of September 2017, the Department of Economic Affairs has disposed of six FDI proposals aggregating to foreign investment of ₹ 85.45 crore, as per details attached. The following fou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r (04) proposals have been approved: S. No Name of the applicant Gist of the proposal FDI (Rs. in crore) 1 Aashiyaan Housing Development Finance Pvt Ltd Approval for foreign investments from M/s Insitor Impact South Asia Pte Ltd, Singapore and M/s Oikocredit Ecumenical D ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... evelopment Cooperative Society U.A, Netherlands ( Foreign Investors ) to commence its operations as a micro housing finance company in eastern India focusing on Tier II and Tier III towns and surrounding rural areas. 10.00 2 India Ports Logistics Pvt Ltd Acquisition of additional stake of up to 70.40% of M/s India Ports Logi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stics Private Limited by M/s Bollore Africa Logistics SAS 75.35 3 Principal Pnb Asset Management Pvt Ltd Post-facto approval for the indirect foreign investment made in M/s MF Utilities India Private Limited 0.05 4 Invesco Asset Management Pvt Ltd Post-facto appr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oval for the indirect foreign investment made in M/s MF Utilities India Private Limited 0.05 The following one (01) proposal has been withdrawn: S. No Name of the applicant Gist of the proposal 1 CRISIL Ltd Undertaking peer-to-peer lending platf ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... orm business by itself or through one of its subsidiaries. The following one (01) proposal does not lie before DEA: S. No. Name of the applicant Gist of the proposal 1 HSBC Securities and Capital Markets (India) Pvt Ltd Merger of the approval letter no FCII ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and approval letter no FC II 160(2005)/157(2005) dated 21.06.2005; Incorporating a wholly owned subsidiary(WoS) which will act as a trustee company to HSBC Mutual Fund; and HSBC Invest Direct Financial Services (India) Limited [WoS of HSBC Invest Direct (India) Ltd] to engage into additional activities referral serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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