November 19, 2013
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Foreign direct investment approvals and routing decisions issued, with sectoral permissions and specified administrative outcomes following FIPB review.
The Government cleared twenty FDI proposals across sectors permitting transactions including fresh equity issuances, NR to NR share transfers, ECB conversion to equity, joint ventures, LLP formation and warrants issuance; aggregate approved inflows are recorded. Additional outcomes: two proposals deferred, two rejected, one advised to use the automatic route, one found not to need FIPB approval, one to reapply after court approval of a scheme, two kept in abeyance, and one high value proposal recommended to a higher executive committee due to threshold exceedance.