Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows (Rs. In crore)

1

M/s. NCH Corporation, USA

Induction of foreign equity of up to 100% in a company engaged in the business of manufacturing, importing, exporting, marketing, selling of specialty maintenance chemicals, and lubricant products in India and abroad under the brand 'certified laboratories'. Proposal attracts Press Note 1 (2005 series).

1.00

2

M/s. South Asia Breweries Pvt. Ltd. Delhi

Conversion of a 100% foreign owned operating company in the field of manufacture and sale of alcoholic and non-alchoholic products into operating cum holding company and for downstream investment by fresh subscription and acquisition of existing shares upto 60% in Parag Breweries Limited and Agnes Impex Private Limited

2.71

3

M/s. Maruti  Udyog Limited, New Delhi

To set up a new JV with Futaba Industrial Co. Ltd., Japan, with foreign equity of upto 51% to be engaged in the manufacture and sale of Exhaust System Components for automobiles, limited to exhaust pipes and mufflers for YN 4 and YY 4. Proposal attracts Press Note 1 (2005 series)

45.90

4

M/s. KVK Energy and Infrastructure Private Limited, Hyderabad

Induction of foreign equity upto 70% in the Indian company to make investments in downstream operating companies engaged in implementation of power sector projects

97.06

5

M/s. Metal One Corporation, Japan

Induction of foreign equity of up to 5% in a joint venture company with Tata Metalliks (51%) and Kubota Corp., Japan (44%) engaged in the manufacture and sale of ductile iron pipes, fittings and accessories. Proposal attracts press Note 1(2005 series)

3.75

6

M/s. Citigroup Global Services Ltd, Mumbai

Conversion of foreign owned operating company into operating cum holding company to make further downstream investment by incorporating a new wholly owned subsidiary, in the field of providing ITES to banking and financial services industry

No fresh inflow

7

M/s. MGM Programming Service India Pvt. Ltd. Mumbai

Induction of foreign equity upto 100% in a company proposing to  undertake activities relating downlinking non-news and current affairs television channel to subscribers in India.

1.5

8

M/s. Nagarjuna Oil Corporation Ltd, Chennai

Issue of equity shares against payables for supply of second hand equipments to Uhde Gmbh Germany

No fresh inflow

9

M/s. DIC Asia Pacific Pte. Ltd. Singapore

Acquisition and induction of foreign equity upto 100% in a company proposed to be engaged in manufacture of printing ink.  Proposal attracts Press Note 1 (2005 series)

0.01

10

M/s. Bloomberg L.P. USA

To undertake additional activities of down-linking activities and also increase in paid up capital

0.85

11

M/s. A Rank Holdings Pvt. Ltd.

Conversion of operating company into 100% operating-cum-holding company, and also to make downstream investment, by way of acquisition of existing shares, in two companies engaged in auto component sector.

8.00

12

M/s. Aster Infrastructure Pvt. Ltd.  Secunderabad

Induction of foreign equity upto 72.5% in a company engaged in the activity of telecom infrastructure provider, Category -I

232.58

13

M/s. Axis Risk Consulting Services Pvt. Ltd.

Transfer of shares partly by way of cash and party by way of sware swap.

No fresh inflow

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s. Devas Multimedia Pvt. Ltd.

Post-facto approval for conversion of operating company into operating-cum-holding company for making downstream investments.

2

M/s. Manipal Universal Learning Private Limited, Bangalore

Post facto approval of conversion of operating company engaged in imparting education into a holding company for making downstream investment

3

M/s. IBSS Techno Park Ltd. (now known as M/s. Taksheel Solutions Ltd.)

Post-facto approval for allotment of shares in lieu of acquisition of business

Sl. No

Name of the applicant

Particulars of the proposal

Reasons for remitting to PAB

1

M/s. Premier Travel Inn India Ltd, UK

Payment of franchisee fee equal to 2% and marketing fee of 1% of the gross revenue to the franchisor, in the hotel sector

Proposal is only for payment of franchisee fee above the limit of automatic permission, and does not involve approval for foreign investment. The foreign equity in this sector is on automatic route without any sectoral cap.

2

M/s. Denso Kirloskar Industries Pvt. Ltd.

Payment of Application Works Cost fee of up to US $ 5.00 million for up gradation of technology, in manufacturing of radiators, air conditioners etc.

The company has existing approval and the current proposal is only for payment of lump sum fee for technological collaboration above the limit of automatic permission. The current amendment request does not involve approval for foreign investment

3

M/s.  MTV India Pvt. Ltd.

payment of royalty for use of trademarks/brands and fees for technical assistance and other consultancy services, in the broadcasting sector

Proposal is only for payment of royalty for technical assistance and brand royalty above the limit of automatic permission. The current amendment proposal does not involve approval for foreign investment

Sl. No

Name of the applicant

Particulars of the proposal

Reasons for recommendation

1

M/s. Rural Electrification Corporation Ltd, New Delhi

Disinvestment of 10% of the shareholding of REC by way of transfer and also to make public issue of fresh equity capital of 10%, by way of offer for sale, including to SEBI registered FIIs, FVCIs and NRIs.

The Board recommended that the activity of REC is to be treated as 'Leasing and Finance' and hence RBI and REC be advised that it does not require