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of <h1>UK Company Gets Green Light for 100% Equity Acquisition in India; Rs. 3300 Crore Foreign Direct Investment Expected.</h1> The Cabinet Committee on Economic Affairs approved a proposal by a UK-based company to establish a wholly owned subsidiary for investing in another company through the acquisition of 100% equity. This subsidiary will be primarily funded by a Singapore-based entity, with a minor shareholding by another company. The investment aims to acquire full equity in the target company, resulting in an estimated foreign direct investment of approximately Rs. 3300 crore.
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