S. No

Item No

Name of the applicant

Gist of the proposal

Sector

FDI (Rs.  crore)

1

5

Vsoft Technologies Pvt Ltd

Post facto approval for issuing 1,11,11,100 equity shares to  VSoft Holdings, Mauritius (which holds 100% equity shares of M/s  VSoft Corporation, USA) by way of swap of shares.

IT /ITES

Nil

2

7

M/s Venus Aesthetic LLP

Post facto approval has been sought for foreign equity participation of 51% by Venus Concept Canada Corporation.

LLP

Nil

3

8

Beloorbayir Biotech Ltd

Approval has been sought to:
1. Acquire the pharmaceutical business of Bayir Chemicals and the ayurvedic products business of Sneha Natura pursuant to Business Transfer Agreements. All three companies are Indian.
2. Pursuant to the above business transfers, foreign investor M/s India Agri Business Fund Limited (IABF) shall invest up to INR 250 million in BBTL under the FDI route by way of subscription to additional Cumulative Compulsorily Convertible Preference Shares

Pharma

25

4

9

M/s Sun Life Financial (India) Insurance Investments Inc.

Approval has been sought for the acquisition of 23% in Birla Sun Life Insurance Company Limited which is currently held by Aditya Birla Nuvo Limited, thereby, increasing the foreign equity in the company from 26% to 49%.

Insurance

1664

5

11

M/s Nippon Life Insurance Company

Approval has been sought for proposed foreign direct investment by way of acquisition of a 23% additional stake in Reliance Life Insurance Company Limited, an Indian company, thereby increasing its aggregate shareholding in Reliance Life Insurance Company from 26 percent to 49 percent.

Insurance

2265.5

6

12

M/s Tata AIA Life Insurance Company Ltd

Approval has been sought for increasing the stake of AIA International Limited from 26% to 49% in the company.

Insurance

2055

7

16

M/s PTL Enterprises Ltd

Approval for transfer of 14,90,000 equity shares held by Late Mr. Siddique Dawood (UK based NRI) to his son and legal heir Mr. Rafique Dawood who is a citizen of Pakistan.

Manufac-turing

 Nil

8

22

M/s Sun Pharma Advanced Research Co. Ltd

Approval has been sought by M/s Sun Pharma Advanced Research Company Limited for the removal of compounding in Para 3 in the approval letter dated 02.11.2015

Pharma.

nil

9

24

M/s Almondz Insurance Brokers Pvt Ltd

Approval for the proposed transfer of 49% of its shareholding to M/s Willis Europe B.V. currently held by resident shareholders.

Insurance

45.54

10

25

M/s Taurus Ventures Ltd

approval, for the issuance of shares to the shareholders of Max India pursuant to a demerger of Max India Limited whereby which each shareholder of Max India would be issued shares in the company in the ratio of 1:1 and M/s Taurus would become the holding company of Max Healthcare and Max Bupa.

Insurance, Health and Allied Activities

nil

11

26

M/s Quantum Simulators Pvt Ltd

Approval to set up a stimulator Manufacturing Company in India for various applications including military and commercial uses in technical collaboration with leading US Company M/s Textron with US $ 15 Billion revenue. Further  M/s Quantum Simulator has a JV agreement with a Indian company who would be holding 51% and the balance 49% by quantum

Defence

14.7

12

27

M/s Tata Sikorsky Aerospace Limited

Approval has been sought for non-resident to non-resident transfer of 26% of the shares of Tata Sikorsky Aerospace from M/s United Technologies International Corporation - Asia Private Limited to M/s Lockheed Martin Global, Inc. (USA).

Defence

nil

13

28

M/s Aviva Life Insurance Co India Ltd

Approval has been sought by Aviva Life Insurance Company India Limited to increase the foreign shareholding from 26% to 49% by Aviva International Holdings Limited, UK by way of transfer of 23% shareholding currently held by Dabur Investment Corp.

Insurance

940

14

30

M/s International Asset Reconstruction Co Pvt Ltd.

Approval has been sought for purchase of its shares by KKR India Reconstruction Pte. Ltd, Singapore, thereby increasing the foreign equity from 58.75% to 78.96%.

Asset reconstructions

150

15

31

M/s Raheja QBE General Insurance Co Ltd

approval for transfer of  23% shares currently held by Prism Cement Limited to QBE Asia Pacific Holdings Limited, Hong Kong, thereby increasing the foreign shareholding in the company from 26% to 49%.

Insurance

101.85

S. No.

Item No

Name of the applicant

Gist of the proposal

Sector

1

3

M/s RMS Arc Insurance Brokers Pvt Ltd

 Approval to increase foreign investment in the company from 26% to 49% by way of sale of shares to Risk Management Services, LLC, Oman.

Insurance

2

4

M/s Whirlpool Asia Pvt Ltd

A company with 99.997% FDI, has sought an approval for converting into a LLP.

LLP

 3

 6

 M/s Bupa Singapore Holdings Pte Ltd

 Approval to increase its investment in Max Bupa Health Insurance Company Limited from 26% to 49% by way of acquisition of shares from Max India Limited

 Insurance

4

20

M/s Standard Chartered (l) Modeling and Analytics Center Pvt. Ltd

Approval has been sought  for the sale of 26% of its shareholding, currently held by Standard Chartered Investments and Loans (India) Limited to Standard Chartered Bank, UK, thereby making it a WoS of the Standard chartered bank, UK

Research and Analytical

5

29

M/s Gulf Quarry General Trading FZC

Approval has been sought by GULF QUARRY GENERAL TRADING F.Z.C, UAE   for investment in an Indian company which is yet to be incorporated for the establishment of a new factory in Amritsar for crushing of gypsum rocks to make gypsum powder, manufacturing of gypsum board etc.

Manufacturing

6

33

M/s HSBC Securities and Capital Markets (India) Pvt Ltd

Approval has been sought for:-
I. Merger of the FIPB approval letter of even no FCII 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and Approval letter of even no FC II 160(2005)/157(2005) dated 21.06.2005.

II. Incorporating a Wholly Owned Subsidiary (WoS) which will act as a trustee company to HSBC Mutual Fund.

III. HSBC InvestDirect Financial Services(India) Limited[WoS of HSBC Invest Direct (India) Ltd] to engage into additional activities

NBFC

7

34

ICICI Lombard General Insurance Company Limited, Mumbai

Approval has been sought to sell 40,270,010 fully paid up equity shares equivalent to 9% of the share capital of the Company (“Sale shares”) to FAL Corporation, an indirect wholly owned subsidiary of Fairfax, for an aggregate consideration of INR 1550.2 Cr.

Insurance

8

35

ICICI Prudential Life Insurance Company Limited, Mumbai

Approval for transfer of 2% of its shares currently held by ICICI Bank Limited (ICICI) to Compassvale Investments Pte. Ltd (Compassvale), a foreign entity and 4% shares to Hasham Traders, a resident Indian entity.

Insurance

S. No.

Item No

Name of the applicant

Gist of the proposal

Sector