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NOTE:
Following 17 (Seventeen) proposals have been approved.
Sl. No. | Name of the applicant | Particulars of the proposal | FDI/NRI inflows (Rs. In Crore) |
COMMERCE
1 | M/s Milliken Chemical and Textile (India) Co. Pvt. Ltd., Maharashtra | To issue equity shares against post-incorporation-expenses. | No fresh inflow |
2 | M/s Vaibhav Gems Ltd., Jaipur | Ex-post-facto approval for issuance and allotment of warrants. | Nil |
3 | M/s FIAMM S.p.A. Italy | To set up a joint venture to carry out Retail trading of lead acid batteries under the single brand. | 0.24 |
INFORMATION & BROADCASTING
4 | M/s Diversified Communication India Pvt. Ltd., Mumbai | Induction of 100% FDI in print media sector. | 5.00 |
5 | M/s Publish Industry India Pvt. Ltd., Pune | Induction of 100% FDI for undertaking publishing of speciality magazines.
| 1.00 |
STEEL
6 | M/s ArcelorMittal Netherlands B.V. Netherlands | Induction of foreign equity in a company engaged in the business of manufacture of cold-rolled semi finished iron and steel products in cold rolling mills etc. The proposal attracts PN 1 of 2005. | 503.37 |
BIOTECHNOLOGY
7 | M/s Actis Biologics Pvt. Ltd. | To issue shares against technology transfer. | Nil |
FINANCIAL SERVICES
8 | M/s Reliance Asset Reconstruction Company Ltd. | Ex-post-facto approval for issue of partly paid up shares to foreign collaborators. | Nil |
INDUSTRIAL POLICY & PROMOTION
9 | M/s Electrosteel Castings Ltd. | To issue and allot eligible securities including equity shares and/or non convertible debt instruments alongwith warrants, on private placement basis. | 600.00 |
10 | M/s Mitsui & Co. India Pvt. Ltd. | Expansion of business activities. The proposal attracts Press Note 1 of 2005. | Nil |
INFORMATION & BROADCASTING
11 | M/s Star India Pvt. Ltd. | Ex-post-facto approval for induction of foreign collaborator. | Nil |
POWER
12 | M/s Teesta Urja Ltd. | Extension of time in order to enable the foreign collaborator to arrange the necessary funds for conversion of balance partly paid up shares into fully paid up equity shares. | Nil |
TELECOMMUNICATION
13 | M/s Hathway Cable and Datacom Pvt. Ltd. | Induction of foreign equity by issuing IPO to undertake Cable TV Services as multimedia system operator and as Internet Service Provider category "A" licensee. | 16.65 |
DEFENCE PRODUCTION
14 | M/s Vyoneesh Technologies Pvt. Ltd., Delhi | To set up a Joint Venture Company with 26% foreign equity for manufacturing, designing, etc. of defence related equipment. | 1.56 |
INDUSTRIAL POLICY & PROMOTION
15 | M/s Clarita International Ltd., Mauritius | To issue warrants. | 30.96 |
INFORMATION & BROADCASTING
16 | M/s UTV Software Communication Ltd. | To issue and allot equity shares pursuant to the scheme of arrangement approved by the Hon'ble High Court of Bombay. | No Fresh Inflow |
TELECOMMUNICATIONS
17 | M/s Sify Technologies Ltd. | Merger of the company as per the Scheme of Amalgamation approved by the High Court of Madras. | Nil |
The following 12 (Twelve) proposals have been deferred:
Sl. No | Name of the applicant | Particulars of the proposal | |
1 | M/s Luxury Goods Retail Pvt. Ltd. | Induction of foreign equity to carry out retail trading of products under the single brand. | |
2 | M/s JM Financial Asset Reconstruction Company Pvt. Ltd., Mumbai | Induction of foreign equity in a company engaged in the activities of Asset Reconstruction. | |
3 | M/s Mercer Inc. New York | To set up a JV company in the insurance sector. The proposal attracts PN 1 of 2005. | |
4 | M/s Pepsico India Holdings Pvt. Ltd. | Induction of additional foreign equity. | |
5 | M/s Eads Deutchland GmbH (EADs), Germany and Larsen & Toubro Limited (L&T), Mumbai | To incorporate a manufacturing Joint Venture company to undertake the production of defence equipment (manufacture of arms and armaments). | |
6 | M/s Verizon Communications India Pvt. Ltd. | Transfer of equity shares from non-resident shareholder to non-resident group in Telecom Sector. | |
7 | M/s Telecom Investments India Pvt. Ltd. | Sale and transfer of equity shares from Resident India to Non Resident. | |
8 | M/s Out-of-Home Media (India) Pvt. Ltd., Mumbai | Conversion of operating company into operating-cum-Investing Company and to make downstream investments. | |
9 | M/s Premiere Conferencing (Ireland) Ltd., Ireland | To set up a wholly owned subsidiary to undertake the business of providing audio/ web conferencing and collaboration services and data communication services in India. | |
10 | M/s Scorpios Beverages Pvt. Ltd., Delhi | Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector. | |
11 | M/s AG Mercantile Company Pvt. Ltd., Mumbai | Transfer of equity shares from Resident Indian to NR to make investments in Indian companies operating in the telecommunications sector. | |
12 | M/s DYNAMIC Alternatives (Pty) Ltd. | To set up a Wholly Owned Subsidiary for the business of Detective & Protective Services. | |
The following 5 (Five) proposals have been rejected:
Sl. No | Name of the applicant | Particulars of the proposal | |
1 | M/s TCL India Holdings Pvt. Ltd. | To issue and allot equity shares against import payables. | |
2 | M/s Maharishi Solar Technology (P) Ltd., New Delhi | Induction of investment from Indian company on behalf of a Foreign company on account of an arbitration proceeding. | |
3 | M/s Nova Integrated Systems Ltd., Mumbai | To issue fully and Compulsorily Convertible Debentures (CCDs)/ Equity Shares, for undertaking manufacturing and marketing of defence equipment. | |
4 | M/s Jaipur IPL Cricket Pvt. Ltd., (JIPL), Mumbai | To induct 100% foreign equity by way of issue of shares for consideration other than cash inflow. | |
5 | M/s Opto Circuits (India) Limited, Bangalore | Preferential issue of Convertible Warrants under SEBI (DIP) guidelines. | |
The following 02 (Two) proposals have been noted:
Sl. No. | Name of the applicant | Particulars of the proposal | FDI/NRI inflows (Rs. In Crore) |
1 | M/s GE Capital Transportation Financial Services Ltd. | Merger in accordance with the orders passed by the Hon'ble High Court sanctioning the scheme of amalgamation/merger. | Nil |
2 | M/s Geomysore Services (India) Pvt Ltd. | To take note of the scheme of the demerger.
| Nil |
The following 02 (Two) proposals have been recommended for the consideration of CCEA, as the investment involved in the proposals is above Rs. 600.00 Crore:
Sl. No | Name of the applicant | Particulars of the proposal | FDI/NRI inflows (Rs. In Crore) |
1 | M/s Jet Airways (India) Limited, Mumbai | Equity investment through the Qualified Institutions Placements (QIP) route from qualified Foreign Institutional Investors (FIIs). | 2000.00 |
2 | M/s Indium IV (Mauritius) Holdings Ltd. | To invest in the units of the Fund. | 2500.00 |