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Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately.
Following 1 (One) proposal has been approved.
Sl. No. | Name of the applicant | Particulars of the proposal | FDI/NRI inflows (Rs. in crore) |
1 | M/s Hubert Burda Media India Pvt. Ltd | WoS of a foreign company to act as an operating cum investing company and to make downstream investment in an Indian company engaged in printing and publishing of speciality magazines. | 7.00 |
2. The following 1 (One) proposal has been deferred:
Sl. No | Name of the applicant | Particulars of the proposal | |
1 | M/s Bay Capital Investment Ltd, Mauritius | Acquisition of shares in a listed Indian Company which is the Core Investment Company of a leading infrastructure developing group of companies. | |
DSM/RS/ka
(Release ID :96634)
Foreign Direct Investment approval: foreign-owned subsidiary cleared to make downstream investment in Indian publishing; one proposal deferred. Government approved an FDI proposal authorising a foreign-owned wholly owned subsidiary to act as an operating-cum-investing company and to make downstream investment in an Indian company engaged in printing and publishing of specialty magazines. A separate proposal for acquisition of shares in a listed Indian company that is the core investment company of an infrastructure group has been deferred. of Press 'Enter' after typing page number.
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