Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on...

8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece

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#FIPBat its meeting held on 19th December 2014 Approves 12 Proposals of#ForeignDirectInvestmentsamounting to INR

1827.24 Crore or US$ 292.87 Million.

Data was released on 9th January 2015.

FIPB - Foreign Investment Promotion Board. Government of India

#FDI #IndiaInvesting #India #FPI #ForeignPortfolioInvestors #GovernmentOfIndia

#ForeignInvestmentPromotionBoard #InternationalInvestors #InvestmentInIndia

#IndiaInvestment #Investing #ForeignInvestor

For more Informative posts click:

https://www.linkedin.com/compan/!h"n!h"nwalas


6/27

Press Release : 09 January 2015

Government Approves Twelve (12) Proposals of Fore!n "re#t $nvestment (F"$)

Amountn! to Appro%mately Rs&1'2&2 *rore

Based on the recommendations of Foreign Investment Promotion Board FIPB$ in its meeting held

on %&th Decem'er ()%*+ the Government of India has approved twelve %($ proposals of ForeignDirect Investment FDI$ amo"nting to ,s.%-(.(* crore approimatel.

In addition+ one proposal relating to 0/s 1DF2 Bank 3imited has 'een recommended for

consideration of 2a'inet 2ommittee on 4conomic 56airs 2245$.

Details of Proposals considered in the Foreign Investment Promotion Board FIPB$ 0eeting held on

%&.%(.()%* are as follows:

Following %% eleven$ proposals have 'een approved ' the Government:

Sl. No.

Name of theapplicant

Gist of theproposal

Sector ProposedFDI (in Rs.

crore)

1M/s

TevapharmIndia Pvt. Ltd

A 100% foreignowned Indian

brownfield pharmacompan is see!ingapproval for theiss"ance of e#"itshares amo"nting to$& '0 million(appro).* to M/s TevaPharmace"ticalInvestmentsingapore Pte Ltd.+ingapore (e)istinginvestor* therebincreasing its c"rrentshareholding of ,,.1-% to '.0%..

Pharma .00

M/smbiotec

Pharmalab Pvt.Ltd.+ MP

M/s mbiotec

Pharmalab Limited+an e)isting pharmacompan+ is see!ingapproval for increasing foreigninvestment in its paid"p capital b transferof its e#"it sharesfrom residentshareholders to anonresident.

Pharma-.-

(appro).*


7/27

-

M/s2reseni"s 3abiIndia Private

Ltd.

Approval has beenso"ght b 2reseni"s3abi India PrivateLimited for (i*iss"ance of shares ona right basis to its

parent compan+ M/s2reseni"s 3abi A4+4erman and (ii*conversion of a loanta!en from its parentcompan into e#"itshares+ both invario"s tranches.

Misc

Man"fact"ringPharma prod"cts

156.60

M/s 7ovartis

8ealthcare Pvt.Ltd.

Approval has beenso"ght b transfer ofshares constit"ting

5% of the sharecapital of 7ovartis8ealthcare PrivateLimited held bforeign shareholdersfrom 7onresident to

7on resident b waof gift.

PharmaTransfer

is b wa ofgift

,

M/s

Intonation9esearch

LaboratoriesPvt. Ltd.

The :ompanproposes to bringadditional foreign

investment of "p to$ ; 1 million biss"ing shares toe)isting shareholdersMr. "resh 3"maro=anic ($ ;,0+000*.

Pharma.-0

(appro).*

M/s9atna!ar >an!

Limited+M"mbai

Approval has beenso"ght b M/s

9atna!ar >an! Limited for an InitialP"blic ?ffer (IP?* ofits e#"it shares toresidents+ 7onresidents incl"ding2oreign PortfolioInvestors (2PIs*+2oreign Instit"tionalInvestors (2II*+2oreign @ent"recapital Investors(2@:Is*+ therebincreasing the

2inancialervices / >an!ing

Private ector11,0.00


8/27

aggregate foreigninvestment from theapproved ,,% to '%

'

M/s 7apescoInternationalPetrole"mervices:ompan

(LL*+ 3"wait

M/s 7apescoInternationalPetrole"m ervices:ompan (LL*+3"wait and others

propose to set "p anLLP with foreigninvestment "pto55.55% of the capitalof the proposed LLP.

LLP .55

6M/s ignet

Plastic Pvt. Ltd

M/s ignet PlasticPvt. Ltd. for conversion of :ompan into LLP.

M/s ignet PlasticPvt. Ltd. wasincorporated on16/0/011 and isc"rrentl in theconstr"ction phase forman"fact"ring of

plastic prod"cts.

LLP 7il

5

M/sLa"sanne

8ospitalit:ons"lting a+

witBerland

M/s La"sanne8ospitalit:ons"lting (L8:*

A+ witBerlandproposes to set "p anLLP with foreigninvestment "pto55.55% in hospitalittraining andcons"lting services inthe field of hospitalit.

LLP 1.'5

10

Mr. An"rag3"mar

M/s >iodealPharmace"ticals

Private Limited.(>PPL* formed in&ecember 00,+ is ane)isting pharmaman"fact"rer+ havingtheir ownman"fact"ring plantsit"ated in 8imachalPradesh. Thecompan is c"rrentl

held ,1% b M/s8ovid >erhad+ aMalasian companand the balance 5%

Pharma 0.00


9/27

b the Indianpromoters gro"prepresented b Mr.Thobanbhai 3"r=ibhaiPatel.

11

M/s &r.illmar

chwabe IndiaPrivate Limited

2or decision on theadditional conditionsimposed b Ministrof 8ealth C 2amilelfare and Ministrof Dnvironment C2orest post the 2IP>meeting.

9ecommended

with additionalconditions asimposed bMinistr of

Dnvironment C2orest

7il

7he following twelve %($ proposals have 'een recommended to 'e deferred:

Sl.

No.

Name of the

applicant

Gist of the proposal Sector

1

M/s print

Telecom IndiaPvt. Ltd. (Two

Proposals*

M/s print International 8olding+Inc.+ $A is see!ing approval toincrease its foreign e#"it participationin M/s print Telecom India PrivateLimited from '% to 100% thro"gh acombination of fresh iss"e of shares and

p"rchase of shares from the residentshareholders.

Telecom

M/s I7EM"sic Pvt. Ltd.+

M"mbai

M/s I7E M"sic Private Limited+ acompan which aggregates anddistrib"tes m"sic content for T@channels+ having '0.6,% indirectforeign investmentF proposes to"nderta!e the additional activit of

broadcasting of a nonnews and c"rrentaffairs channel+ as proposed scheme ofarrangement.

IT />roadcasting

-

M/s InsightMedia :it(India* Pvt.

M/s Insight Media :it (India* Pvt.

Ltd. (IM:* was incorporated on1/0-/01-. It is stated that IM: hasreceived inward remittance of 9s+0+00+0,.0, from Mr. Al"ngalMohammad (79I* and shares wo"ld beallotted to the 79I investor after 2IP>approval. The e)isting shareholding inIM: is entirel held b resident Indians.Post 2IP> approval+ 1'.-'5% of thetotal share capital in M/s Insight Media:it (India* Pvt. Ltd. will be held b

Mr. Al"ngal Mohammad (79I* and therest 6.1% b resident Indians.

IT />roadcasting


10/27

Ms. Maham7aar and Miss

ahar 7aer+Pa!istan

Ms. Maham 7aar and Ms. ahar7aar+ Pa!istani citiBen+ has so"ght2IP> approval to import finishedcarpets from &"bai and other co"ntriesand trade it in India

Misc

Trading

, M/s A@D"ropa ec"ritPrivate Limited+ec"nderabad

M/s A@ D"ropa ec"rit PrivateLimited+ ec"nderabad see!ing

permission for receiving 5% foreigninvestment in ec"rit ervices andMan Power recr"itment C trainingservices b wa of transfer of sharesfrom its c"rrent Indian hareholder.

Misc Trading

M/s >eloor>air >iotech

Limited+>angalore

M/s >eloor >air >iotech Limited>angalore+ with .,,% foreigninvestment (on a f"ll dil"ted basis* bM/s India Agri >"siness 2"nd Ltd.Ma"riti"s proposes to ac#"ire+ b wa

of merger+ the entire share capital ofM/s >air :hemicals India PrivateLimited+ >angalore and M/s neha

7"t"ra India Private Limited+ bothcompanies being engaged in

pharmace"ticals sector.

Pharma

'M/s Agappe

&iagnosticsLimited (A&L*

M/s Agappe &iagnostics Limited(A&L* see!ing approval for ac#"isitionof 0. percent of its f"ll paid"pe#"it shares of A&L b M/s camore8oldings Limited+ Ma"riti"s.

Pharma

6M/s 7ovalead

Pharma PrivateLimited+ P"ne

M/s 7ovaLead Pharma PrivateLimited+ P"ne has so"ght permissionfor (a* the sale of a part of an e)istingshareholder M/s 3ota! India 4rowth2"nd share in the compan to (anothere)isting shareholder* M/s >o)moor(Ma"riti"s* Ltd.+ and (b* to allotadditional e#"it shares to >o)moor.

Pharma

5M/s 3oe

Pharmace"ticalsPrivate Limited

M/s 3oe Pharmace"ticals PrivateLimited+ a brownfield Pharmace"ticalscompan+ has so"ght permission toiss"e additional +00 ::P+constit"ting "p to ,.5'% of the sharecapital of the compan on a postiss"ance and f"ll dil"ted basis to a newforeign investor. Post the iss"e of D?Pshares+ the new foreign investor willhold ,% of the paid "p capital on af"ll dil"ted basis.

Misc Trading

10 M/s Airwor!sIndia

Dngineering Pvt.Ltd.

M/s Air or!s India (Dngineering*Private Limited is see!ing approval for

increasing foreign investment res"ltingin increase of Indirect 2&I in its oengaged in Aircraft Managementervices and Air :harter ervices as

:ivilAviation


11/27

G7on ched"led ?perators Permit.

11M/s ?stro

Dnerg Private

Limited+ &elhi

M/s ?stro Dnerg Private Limited+7ew &elhi has so"ght permission as acore investment compan for investment of $& -0 million

(appro)imatel I79 100 crores* overthe ne)t , ears in wind energ assetsin India via downstream investment.

Investing

:ompan

1

M/sMonsoon

:apital LL:+$A

M/s Monsoon :apital LL: hasso"ght permission for ma!inginvestments directl or indirectl inMonsoon Alternative Investment Tr"stin the form of 2&I.

Misc AlternativeInvestment2"nd (AI2*

7he following three )8$ proposals were approved "nder the a"tomatic ro"te:

Sl.

No.

Name of the

applicant


1

M/s Metalsa IndiaPvt. Ltd.+ 7ew &elhi

M/s Metalsa Iss"e of e#"itshares to nonresidentshareholders againstcapitaliBation of import ofcapital 4oods/ Machiner.

Misc

Man"fact"ring

M/s 4M$Infosoft Pvt. Ltd.

The compan proposes toiss"e ',0 e#"it shares (1.,%

e#"it* of 9s.10/each+ to Mr.9amneet ingh 9e!hi+ $A+79I and ',0 e#"it shares(1.,% e#"it* of 9s.10/each toMr.arta= ingh 9e!hi+ $A+

79I.

Misc

-

M/s $ InfosoftPvt. Ltd.

The compan proposes toiss"e ',0 e#"it shares (1.,%e#"it* of 9s.10/each+ to Mr.9amneet ingh 9e!hi+ $A+

79I and ',0 e#"it shares

(1.,% e#"it* of 9s.10/each toMr.arta= ingh 9e!hi+ $A+

79I.

Misc

M/s :erner8ealthcare ol"tionsPvt Ltd+ >angalore

M/s :erner 8ealthcareol"tion Private Limited+>angalore+ is see!ing approvalfor investment in proposedLimited Liabilit Partnership(LLP* in the field of softwaredevelopment and informationtechnolog enabled sec"rities in

the field of healthcare and otherallied fields.

LLP


12/27

7he following one %$ proposal has 'een recommended for consideration of the 2245+ as the

investment involved in the proposals is a'ove ,s.%()).)) crore:

Sl.

No.

Name of the

applicant


1M/s 8&2:

>an! Limited+M"mbai

Approval has been so"ght b M/s8&2: >an! Limited for theiss"ance of e#"it sharesaggregating to an amo"nt of9s.10+000 crore to 79Is/2IIs/2PIss"b=ect to the aggregate foreignshareholding not e)ceeding '% ofthe post iss"e paid "p capital.

2inancial ervices />an!ing Private

ector

Release $+ : 119


13/27

P, Release: -nstry of Fnan#e. /0"e#em,er. 201

Government 5pproves 4ight -$ Proposals of Foreign Direct Investment FDI$ 5mo"nting to 5'o"t

,s. 8*. 2rore


on (%st 9ovem'er ()%*+ the Government of India has approved eight -$ proposals of Foreign

Direct Investment FDI$ amo"nting to ,s. 8*. crore approimatel.

In addition+ one proposal relating to 0/s 3"pin 3imited has 'een recommended for

consideration of 2a'inet 2ommittee on 4conomic 56airs 2245$.

Details of Proposals considered in the Foreign Investment Promotion Board FIPB$ 0eeting held on

(%.%%.()%* are as follows:

Following eight -$ proposals have 'een approved ' the Government:

Sl.

No.

Name of the

applicant

Gist of the proposal Sector Proposed

FDI(In Rs.Crore)

1. M/s Medicamen

>iotech Limited+

&elhi

M/s Medicamen >iotech Limited+

&elhi+ engaged in pharmace"tical

sector+ has so"ght approval for

additional foreign investment b M/s

Pharmadanica A/+ &enmar!+ an

e)isting foreign investor in the

compan.

Pharma 0.1,

(appro)*

. M/s Mahanagar

4as Limited

M/s Mahanagar 4as Limited+

engaged in Petrole"m and 7at"ral

gas sector+ is see!ing approval torecord revised proposed shareholding

str"ct"re.

PC74

(?thers*

7il

-. M/s T"tor@ista

4lobal Private

Limited+ :hennai

Approval has been so"ght b M/s

T"tor@ista 4lobal Private Limited

for the merger of several direct and

indirect wholl owned s"bsidiaries

of Pearson (ingapore* PTD Limited.

IT C

ITD

7il

. M/s ::

:omp"ter ciences

International

?perations Limited+$nited 3ingdom

M/s :: :omp"ter ciences

International ?perations Limited+

$nited 3ingdom+ is see!ing

permission for setting"p a proposedLLP.

IT C

ITD

-0.00

(appro)*

,.

M/s @ent"ra

(India* Private

Limited

M/s @ent"ra (India* Private

Limited+ engaged in services sector+

see!ing approval for iss"ance of

shares to a foreign compan in the IT

sector in consideration of ac#"iring

latterHs branch office in India

p"rs"ant to a co"rt approved scheme

of demerger.

IT C

ITD

7il

. M/s Life Positive

Private Limited.(LPPL*.

Increase in foreign e#"it

participation from the e)isting 5%to 55% of the e#"it of the :ompan

and ind"ction of f"rther 2&I

of 9s.+0+',+500 b the foreign

IC>

.1

(appro).*


14/27

collaborators.

'. M/s ssmart

ervices LLP+

M"mbai

(7o. 2:.I

116/01*

M/s ssmart ervices LLP+

M"mbai+ engaged in software s"ppl

services+ has so"ght approval for

investment b Mrs. Man="shree

3hist+ a foreign national.

?thers

(oftware

ervices*

0.005,

6. M/s Mahindra

:ID A"tomotive

Limited+ M"mbai.

(7o. 2:.I

1-/01*

M/s Mahindra :ID A"tomotive

Limited+ M"mbai has so"ght

approval to iss"e and allot

+-0+0-+1,0 e#"it shares to M/s

Participaciones Internacionales

A"tometal &os. .L.+ pain (PIA *+

the nonresident shareholder of M/s


A"tometal Tres+ .L. pain (PIA -*+

in consideration of merger of M/s


A"tometal Tres+ .L. pain (PIA -*

into M/s Mahindra :ID A"tomotive

Limited.

?thers 7il

7he following twelve %($ proposals have 'een recommended to 'e deferred:

Sl.

No.

Name of the

applicant


1.

M/s ngene

International Limited+

>angalore

An Indian Pharma compan+ engaged in

contract 9C& and man"fact"ring to third parties+

is see!ing approval for 10% foreign e#"it

participation in its e#"it shares capital.

Pharma

. M/s >iogenomics

Limited

Proposal for increase in aggregate limit of

investment b D>I registered 2IIs and their s"b

acco"nts in the capital of M/s L"pin Limited

"nder the Portfolio Investment cheme+ p"t

together to 5%.

Pharma

-. M/s 3eppelP"ravan!ara

&evelopment Private

Limited+ >angalore

M/s 3eppel P"ravan!ara &evelopment PrivateLimited+ >angalore+ engaged in constr"ction and

development of residential pro=ects in India+ has

so"ght approval for redemption of preference

shares iss"ed to the foreign investor M/s 3eppel

P"ravan!ara &evelopment Pvt Limited+ "pon the

e)pir of minim"m loc!in period of - ears.

:onstr"ction C

&evelopment

. M/s India @al"e

2"nd I@

M/s India @al"e 2"nd I@+ having 5'% 2&I+

see!ing approval for downstream investment in

M/s Atria :onvergence Technologies Private

Limited+ an internet service provider and holds

downstream investment in companies engaged ininternet service provider and m"lti sstem

operator for cable networ!.

Telecom C IC>


15/27

,. M/s >encera

9eso"rces Private

Limited+ Ahmedabad

M/s >encera 9eso"rces Private Limited+

Ahmedabad+ engaged in trading of ceramic

ind"str cons"mables+ has so"ght postfacto

approval for partl paid shares iss"ed to M/s

:erani! stem Limited+ :hina.

IC>

.

M/s 3nowlarit

:omm"nicationsPrivate Limited+ &elhi.

M/s 3nowlarit :omm"nications Private

Limited+ engaged in providing telecom services+

has so"ght an approval to transfer e#"it sharesfrom e)isting investors and fresh iss"e of e#"it

shares and ::P to e)isting and new investor

leading to an increased 2&I sta!e from ,.1%

to60.5'%.

Telecom

'. M/s MD :apital

Mar!et :orporation

Ltd+ &elhi

M/s MD :apital Mar!et :orporation Ltd.

&elhi+ presentl a holding compan+ which

proposes ma!e downstream investment in

companies to engage in man"fact"ring+ has

so"ght approval for foreign investment in the

compan.

Telecom

6. M/s :hee!otel@ent"re 2"nd Private

Limited+ &elhi.

M/s :hee!otel @ent"re 2"nd Private Limited+&elhi+ a domestic @:2 compan+ has so"ght

approval to iss"e e#"it "pto 0% (of the voting

rights* to foreign investors for ma!ing investment

in M/s MD :apital Mar!et :orporation Ltd.

&elhi.

Telecom

5. M/s hah

@ibrator LLP+

M"mbai

M/s hah @ibrator LLP+ M"mbai has so"ght

approval for ,0% foreign participation of M/s

7ational Air @ibrator :ompan+ $A.

?thers

10

.

M/s 7:Lavalin

Ma"riti"s Limited.

J7o. 2:.II-5(01*/-(01*K

M/s 7:Lavalin Ma"riti"s Limited is

see!ing approval for conversion of ::P into

e#"it shares held in M/s Piramal 9oads InfraPrivate Limited+ an Indian investing c"m

operating compan and to increase its

shareholding from 10% to 1'%.

Investing

compan

11. M/s Montblanc

ervices >.@+

7etherlands.

J7o.

10/IA/9T/012:.I*

M/s Montblanc ervices >lan! >.@+

7etherlands (holding ,1% of shares* and M/s

Titan :ompan Limited+ India (holding 5% of

shares* propose to set "p a .

holesale

and D)port

Trading

7he following two ($ proposals have 'een withdrawn ' the applicant:

Sl

. No.

Name of the applicant


16/27

1. M/s Toda MagaBines Lifestle Private Limited+ 7ew &elhi.

. M/s T: :apital Managers

7he following one %$ proposal has 'een recommended for the consideration of the 2245+ as

the investment involved in the proposals is a'ove ,s. %()).)) crore:

Sl.

No

.

Name of the

applicant


1.

M/s L"pin Limited Proposal for increase in aggregate limitof investment b D>I registered 2IIs and

their s"bacco"nts in the capital of M/sL"pin Limited "nder the PortfolioInvestment cheme+ p"t together to 5%.

Pharma


17/27

Press Release : 01"e#em,er. 201

Government approves fteen %;$ proposals of Foreign Direct Investment FDI$ amo"nting to

a'o"t ,s. "siness Media India Pvt.Ltd.+ engaged in p"blishing+ issee!ing post facto approval for (i*

IC> 0


18/27

(-/AM/01* ind"ction of a new foreign investor in the approval letter to whom shareshad been iss"ed in 011+ (ii* changeof name of one e)isting investor and(iii* ind"ction of name of one foreigninvestor which was inadvertentl notinserted in the approval letter.

, M/s 4DTIT InfoservicesPrivate Limited (formerl!nown as M/s 4DTITInfoservices Limited* (7o.2:.II 11,/006*

M/s 4DTIT Infoservices PrivateLimited+ engaged of p"blishing+ issee!ing approval for increasingforeign e#"it participation in itsshare capital from present 5.%to "pto 100%.

IC> 16

M/s 8erman Miller 2"rnit"re(India* Private Limited+>angalore (7o. 1/012:.I*

Approval has been so"ght b M/s8erman Miller 2"rnit"re (India*Private Limited for setting "p aman"fact"ring "nit for

man"fact"ring f"rnit"re incl"dingwooden and steel f"rnit"re whichhas been reserved for Micro+ malland medi"m Dnterprises ector(MMDHs* .

?thers 7IL(Alread

bro"ghtin*

' M/s :enter for &isease&etection ervices 4lobalPrivate Limited+ >angalore(7o. 1'/012:.I*

M/s :enter for &isease &etectionervices 4lobal Private Limited+>angalore+ is see!ing permission forconversion of advances into e#"it.

Pharma 7IL(Alread

bro"ghtin*

6 M/s The 7"ance 4ro"p A4(7o. 2:.II1'/01-*

M/s 7"ance 4ro"p A4 witBerlandhas proposed for amendment in the

approval letter dated 0,.1.01- andto p"rchase shares in an e)istingcompan of the same gro"p insteadof incorporating a new compan to

be engaged in operating the d"t freeo"tlets at the :hhatrapati hiva=iInternational Airport (:IA*+M"mbai.

others

5 M/s Nipcash :ard ervicesPvt. Ltd (7o.1/IA/72:/0112:I*

M/s Nipcash :ard ervices Pvt. Ltdhas so"ght approval for removal ofthe condition of minim"mcapitaliBation as re#"ired "nder para... viB $& 0., million.Alternativel+ if 2IP> of the opinionthat this condition cannot be deleted+then permit 79Ito transfer the f"ll paid e#"itshares held b him in the companto an person resident in Indiawitho"t f"rther compling with

minim"m capitaliBation condition.

7>2: 0

10 M/s anofinthelabo(India* Limited+ M"mbai( 7o. 11,/012:.I*

M/s anofinthelabo (India*Limited+ M"mbai+ engaged in

brownfield pharmace"tical sector

Pharma 50


19/27

and a 100% ? of M/s anofi.A.+ 2rance+ has so"ght approval for(a* additional foreign investment of9s.50 crore from its parent companand (b* intercorporate loan fromanother Indian incorporated anofi4ro"p compan in order to ac#"ire0% e#"it in M/s Apollo "gar:linics Limited+ M"mbai acompan engaged in providinghealthcare clinical services.

11 M/s "n Pharmace"ticalInd"stries Limited+ 4"=arat( 7o. 115/012:.I*

M/s "n Pharmace"ticals Ind"striesLimited+ 4"=arat has so"ght approvalfor iss"ing e#"it shares to (a* thenonresident shareholders and (b* theholders of global depositor receiptsof M/s 9anba) Laboratories

Limited p"rs"ant to the merger ofM/s 9anba) Laboratories Limitedinto M/s "n Pharmace"ticalsLimited thro"gh a scheme ofarrangement and based on the sharee)change ratio set o"t in the scheme.

Pharma 0

1 M/s Panacea >iotechLimited+ &elhi (7o.1/012:.I*

M/s Panacea >iotec Limited+ &elhi+a listed compan engaged in

pharmace"tical sector+ has so"ghtapproval for iss"ance of e#"itshares to O"alified Instit"tional

>"ers (OI>s* thro"gh proposed#"alified instit"tional placement.

Pharma ,0

1- M/s 7e"land LaboratoriesLimited+ 8derabad (7o.1-0/012:.I*

Approval has been so"ght b M/s7e"land Laboratories Limited forthe iss"ance of shares on right basisto its e)isting nonresidentshareholders.

Pharma ,

1 M/s at"res India Pvt. Ltd.+>anglore J7o. 2:.II60(01*/6(01*K (7o.'/AM/01*

An Indian pharma compan issee!ing approval to increase foreigninvestment from ,6.66% to '.,%

b wa of transfer of shares from

resident to e)isting nonresidentshareholder and 7979 transfer.

Pharma 56.,

1, M/s A. Menarini India Pvt.Ltd. (7o. 2:.II 155/01*

M/s A. Menarini India PrivateLimited (A. Menarni* is see!ingapproval to iss"e its e#"it shares toshareholders of M/s Menarini9a"na# Pharma Limited (M9PL*and f"rther transfer of shares fromshareholders of M9PL toshareholder of A. Menarini+ p"rs"ant

to the approval of the merger ofM9PL with A. Menarini.

Pharma 0


20/27

$he following se!en(%) proposals ha!e "een deferred

Sl.No. Name of the applicant Gist of the proposal Sector

1 M/s A"gere ireless>roadband India Private

Limited+ 7ew&elhi J7o.2:.II '(011*/(010*K

M/s A"gere ireless >roadband India PrivateLimited+ an Indian telecom compan+ proposes

to Increase foreign e#"it participation from'% to 100%.

Telecom

M/s ?Bone 7etwor!s PrivateLimited+ &elhi. (7o. 11/012:.I*

M/s ?Bone 7etwor!s Private Limited &elhi+engaged in telecom sector and with --.--%e)isting 2&I from M/s AL Telecom 8oldings(India* Limited+ :pr"s+ see!s approval for"pto 100% foreign investment b M/s ?Bone>@+ 7etherlands b wa of p"rchase of thee#"it share capital e)isting foreign and

domestic shareholders.

others

- M/s Agilent Technologies(International* Private LimitedJ7o. 2:.II ,(00-*/,(00*K

Approval/clarification has been so"ght b M/sAgilent Technologies (International* PrivateLimited to partiall lease the premises+ treatingit as additional activit.

IT CITD

M/s >aring Private D#"itAsia I@ Ma"riti"s 8oldings(-* Limited J7o. 2:.II0(000*/55(000*K J7o.

-'(00'*/0,(00'*K

# Approval has been so"ght b hare!hanLimited and M/s 8"man @al"e developers PvtLtd for the transfer of ::&s and ::Ps of theircompanies held b I&2: limited to >aring

Private D#"it Asia I@ Ma"riti"s 8oldingsLimited.

7>2:

, M/s 8olcim (India* Pvt. Ltd.J7o. 2:.II.-0(00*/'5(00*K

Approval has been so"ght b M/s Amb"=a:ements Ltd.+ for the ac#"isition of %shares in its holding companF 8olcim (India*Pvt Ltd from the latterHs holding compan M/s8olderind Investments Ltd (79* ands"bse#"ent reverse merger thro"gh a shareswap.

others

M/s 2T2 Pharma Pvt Ltd.+Ahmedabad (7o. 5/012:.I*

Approval has been so"ght b M/s 2T2 PharmaPrivate Limited+ a brownfield pharmace"ticalcompan for iss"ance of e#"it shares on aright basis to its e)isting foreign shareholder inthe proportion of the shares held.

Pharma

' M/s @a"grid Mar!etplaceervices Private Limited+Maharashtra (7o. 11/01 2:.I*

M/s @a"grid Mar!etplace ervices PrivateLimited+ Maharashtra+ is see!ing approval forallotment of e#"it shares towards preliminare)penses for the incorporation of the companand to iss"e pending e#"it shares against

share application mone pending sinceta!eover of a sister compan since-1.0-.005.

others


21/27

$he following two (&) proposals ha!e "een re'ected#


1 M/s O"i!=et :argo AirlinesPvt. Ltd. >anglore(7o. 11'/012:.I* (7o.2:.II -/01-*

Approval has been so"ght b M/s 2arnairwitBerland A.4 for the p"rchase ofshares/::P of M/s O"ic!=et :argo Airlines PvtLtd from its e)isting shareholder and s"bscribeto fresh shares+ hereb increasing the foreignshareholding from .-% to '%

:ivilAviation

M/s Phil Arth"r >edford+&"bai( 7o. 101/012:.I*

Mr. Phil Arth"r >edford+ a >ritish 7ational and&"bai 9esident has so"ght approval to set "p anLLP in India which will act as the Master2ranchisee of the 9eferral Instit"te+ an instit"teengaged in providing cons"ltation tools to help

b"siness professional to gain financial s"ccessthro"gh relation based referral mar!eting.

others

In respect of the following one (1) proposal the recommendation is to ad!ise the applicant that the

proposal does not lie "efore FIP since the present acti!it* is +nder a+tomatic ro+te#

Sl.No

.

Name of the applicant Gist of the proposal Sector

1 M/s T"rner 4eneralDntertainment 7etwor!s

India Private LimitedJ7o. 2:.II-'(00'*/,(00'*K (7o.,/AM/01*

Post 2acto approval has been so"ght b T"rner4eneral Dntertainment 7etwor!s India Private

Limited for the transfer of 1 share held bresident shareholder to o of the foreigninvestor.

IC>

$he following one (1) proposal has "een recommended for the consideration of CC,- as the

in!estment in!ol!ed in the proposals is a"o!e Rs. 1&. crore


1 M/s 8&2: >an! Ltd.(7o.2:.I-1/01-*

Approval has been so"ght b+ M/s 8&2: >an!Limited for maintaining the permissible foreign

>an!ingPrivate ector


22/27

holding in the ban! "p to '% of the total paid"p capital+ o"t of which the 2II s"blimit wo"ld

be 5% and the balance ,% wo"ld be 2&I.


23/27

Press Release :

Government approves 7went ()$ Proposals of Foreign Direct Investment amo"nting to ,s &--.8

2rore


on >eptem'er %hipard 3imited+0"m'ai Investee 2ompan$which has eisting FII and 9,Iinvestments has proposed to"ndertake additional defenceactivities along with its eistingactivities.

Nil Defence

2 M/s Solar Industries

India Limited, Nagpur

(No. 86/2014-FC.I)

0/s >olar Ind"stries 3imited+which has minimal investment

FII/9,I investment+ has so"ghtapproval for "ndertakingadditional activit of man"fact"ring defence prod"cts.

Nil Defence

3 M/s Hatsoff Helicopter

Training Pvt Ltd, Bangalore

(No. 112/2014-FC.I)

Post facto approval has 'eenso"ght ' 0/s 1atso6 1elicopter

7raining Pvt 3td for the iss"e ofshares against interest moneaccr"ed on the foreignremittance received ' it fromthe foreign investor.

Rs. 5.6

Crore

Civil

Aviation

4 M/s VerizonCommunications India

Private Limited

[No. FC.II 39/2002]

0/s ?eri=on 2omm"nicationsIndia Private 3imited+ engaged intelecom sector+ is seekingapproval to increase foreigne@"it participation ' its foreignparent from *A to %))A.

Rs. 2.32Crore

Telecom

5 M/s Ironman Media and

Advisory Services Private

Ltd. (No.

11/SIA/NFC/2014)

0/s Ironman 0edia and5dvisor >ervices Private 3td. hasso"ght approval to iss"e sharesfor the amo"nt received as FDI.

Rs. 0.30

Crore

Print

Media

6 M/s Axes Studios LLP

(No.10/SIA/NFC/2014-

FC I)

0/s 5es >t"dios 33P hasso"ght approval to accept 9,Iinvestment from 0r. G"n!anDhirendra 2hag+ 9,I+ C.

Rs. 0.99

Crore

IT


24/27

7 M/s MapfreAsistencia

Camp A+ Aa International

de SegurosYReaseguros,

SA(No. 245/2013-FC.I)

Permission for incorporating ao> in India for providingsoftware related services andalso act as 2orporate 5gent to anIndian Ins"rer ' >oliciting andProc"ring Ins"rance '"siness as2orporate 5gent.

Rs. 1.70

Crore (US$

0.275

million)

Insurance

8 M/s Instant GlobalMoney Transfer Private

Limited

(No. 78/2014-FC.I)

0/s Instant Glo'al 0onetransfer Private 3imited+ P"n!a' isseeking post facto approval forpartl paid shares iss"ed to the0/s 7ransEFast ,emittance 332+9ew ork against FDI.

Rs. 0.15Crore

NBFC

9 M/s GETCO Asia Pte.

Ltd., Singapore

(No. FC.II: 156/2011)

5pproval so"ght ' a whollforeign owned compan forsetting "p a downstreams"'sidiar to 'e engaged in the'"siness of commodities 'roking+commodities trading and

providing li@"idit to thecommodities market.

Nil NBFC

1

0

M/s Equitas Holdings

Private Limited, Tamil

Nadu

(No. FC.II- 236/2011)

5pproval has 'een so"ght '0/s 4@"itas 1oldings Private3imited for downstreaminvestment in its wholl owneds"'sidiaries ' its eisting andnew foreign shareholders here'increasing the foreign e@"itfrom &%.8)A to &8.%(A

Rs. 325

Crore

Investing

Company

1

1

M/s ANZCapital Pvt.

Ltd. (FC.II: 121/2001)

0/s 59 2apital Private

3imited is seeking approval forremoval of the conditionprescri'ed in the F2 approval.

Nil NBFC

1

2

M/s Medipass SRL, Italy

(No. 83/2014-FC.I)

5pproval is so"ght '0edipass >,3+ an Italiancompan for the ac@"isition of-;.%&A stake in the share capitalof 0/s 2learview 1ealthcarePrivate 3imited+ an investingcompan with downstreaminvestment in health sector.

Rs. 15.11

Crore

Pharma

1

3

M/s Intas

Pharmaceuticals Limited,Ahmedabad

[No. FC.II 334/2005]

0/s Intas Pharmace"ticals

3imited+ an Indianpharmace"ticals compan+seeking approval for 9, to 9,transfer of %).%+%;constit"ting "p to


25/27

1

5

M/s Amneal

Pharmaceuticals Company

India Pvt. Ltd.

(No. 67/2014-FC-I)

0/s 5mneal Pharmace"ticals2ompan Private 3imited+ aforeign owned and controlledcompan+ is seeking approval forac@"isition of entire share capitalof 4psilon+ thro"gh a sharep"rchase agreement a compan

engaged in trading of genericpharma prod"cts and in processof setting "p form"lationman"fact"ring facilit.

UptoRs.

205 Crore

Pharma

1

6

M/s Fresenius Kabi

Oncology Limited, New

Delhi

(No. 89/2014-FC.I)

Approval has been sought for issuance

of equity shares for an aggregate

consideration of Rs. 119 Crore to increase

foreign shareholding from 96.22% to

96.483% of its parent company.

Rs. 119

Crore

Pharma

1

7

M/s Ferring

Pharmaceuticals Pvt. Ltd.

(FC.II 456/1996)

0/s Ferring Pharmace"ticalsPrivate 3imited is seeking postfacto approval for the investmentmade ' Ferring B? foreigncompan$ into 0/s FerringPharmace"ticals Pvt. 3td foronward downstream investmentin its o> 0/s Ferring

7herape"tics Pvt. 3td.+ prior toapproval of FIPB.

Nil Pharma

1

8

0/s Ind"sind Bank3td. ;&%/F2/&8/9,IEF2I$

the applicant has so"ghtapproval for increase in foreigninvestment in IB3 to *A with aspecic re@"est to grant postE

facto approval for increase inforeign holding from 2?, %&;-)8.

Nil Whole

Sale Trading

2

0

M/s Tara India Fund IV

Trust, Mumbai

(No. 102/2014-FC.I)

0/s 7ara India F"nd I? 7r"stseeking permission for

investment "pto >H*; million' s"'scri'ing to the "nits of theapplicant and categor Binvestors to invest "p to > H ;million in the "nits of 75,5 F"nd.

Rs

305.63 Crore

(US$ 50

million)

Investing

Company


26/27

(. 7he following eight -$ proposals have 'een deferred:

l&

o&

ame of t3eappl#ant

Gst of t3e proposal e#tor

1 M/s Pureplay

Investment Partners,Mauritius

(No. FC.I-270/2013)

Proposal for FDI by M/s Pureplay Investment Partners

Mauritius in:(a) upto 74% in M/s Indiverse Broadband Private

Limited, an existing company engaged in the cable

television networks business and undertaking up -gradation

of networks towards digitization and addressability (b)

49% in (JVC-I) and 49% in (JVC-2) (both JVC will be act

as investing company).

Telecom

2 M/s ASV Europa

Security Private Limited,

Secunderabad (No.

91/2014-FC.I)

M/s ASV Europa Security Private Limited,

Secunderabad seeking permission for receiving 49%

foriegn investment in Security Services and Man Power

recruitment & training services by way of transfer of

shares from its current Indian Shareholder.

Private

Security

Agencies

3 M/s Halyard Health

Inc., USA (No.

109/2014-FC.I)

Approval has been sought by M/s Halyard Health, Inc,

USA, WoS of Kimberley Clark group to set up a new

company in India to be engaged in import and sale of

healthcare products on Wholesale business and transfer

of some assets from one WoS to the new company.

Pharma

4 M/s BeloorBayir

Biotech Limited,

Bangalore (No.

111/2014-FC.I)

M/s BeloorBayir Biotech Limited Bangalore, with

22.55% foreign investment (on a fully diluted basis) by

M/s India Agri Business Fund Ltd. Mauritius proposes to

acquire, by way of merger, the entire share capital of M/s

Bayir Chemicals India Private Limited, Bangalore and M/s

Sneha Nutura India Private Limited, both companies beingengaged in pharmaceuticals sector.

Pharma

5 Mr. Anurag Kumar

(No. 12/SIA/NFC/2014)

The applicant has sought Government approval for

acquisition of 100% equity of BPPL. The proposal has

been supported by the consent of existing shareholders

and Board Resolution of the investee company.

Pharma

6 M/s Tevapharm India

Pvt. Ltd. [FC.II

35(2001)/45(2001)]

A 100% foreign owned Indian brownfield pharma

company is seeking approval for additional capital

infusion.

Pharma

7 M/s GMU

InfosoftPvt.

Ltd.(No.

17/SIA/NFC/2011-FC I)

company proposes to issue 2750 equity shares (1.52%

equity) of Rs.10/each, to Mr. Ramneet Singh Rekhi, USA,

NRI and 2750 equity shares (1.52% equity) of Rs.10/eachto Mr.Sartaj Singh Rekhi, USA, NRI.

Others

8 M/s U InfosoftPvt.

Ltd. ( No.

16/SIA/NFC/2011-FC I)

The company proposes to issue 2750 equity shares

(1.52% equity) of Rs.10/each, to Mr. Ramneet Singh

Rekhi, USA, NRI and 2750 equity shares (1.52% equity)

of Rs.10/each to Mr.Sartaj Singh Rekhi, USA, NRI.

Others

8. 7he following ve ;$ proposals have 'een re!ected:

l&

o&

ame of t3eappl#ant

Gst of t3e proposal e#tor

1 M/s Indus Teqsite 5 ? is proposed to 'e formed with (


27/27

Private Limited, Tamil

Nadu

(No. 261/2013-FC.I)

FDI to "ndertake defence sector activities.

2 M/s. Sistema Shyam

Teleservices Ltd.

[FC.II 241 (07)/285(07)]

Increases in FDI "pto %))A in 0/s>istema >ham 7ele >ervices 3imited andits downstream o> 0/s >ham Internet>ervices 3imited+ 'oth engaged in telecom

sector+ on acco"nt of conversion of,edeema'le Preference >hares into e@"it.

Telecom

3 M/s Kusum Healthcare

Private Limited, New Delhi

(No. 92/2014-FC.I)

0/s C"s"m 1ealthcare Private 3imited+9ew Delhi+ engaged in pharmace"ticalssector+ has so"ght approval for iss"inge@"it shares/22P>/22Ds to 0/s pasa1oldings 5G+ >wit=erland+ leading to (;Ashareholding in the applicant.

Pharma

4 M/s BioMerieux India

Private Limited, New Delhi

(No. 97/2014-FC.I)

0/s Bio0erie" India Pvt 3td.+ a o> of0/s Bio0erie" France has so"ght approvalfor additional downstream investment of%)A increase from 3ife sciences Private 3imited+ acompan engaged in 'rowneldpharmace"tical sector. PostEfacto approvalfor initial investment of

Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on...

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