Loading...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
During the month of September 2017, the Department of Economic Affairs has disposed of six FDI proposals aggregating to foreign investment of ₹ 85.45 crore, as per details attached.
The following four (04) proposals have been approved:
| S. No | Name of the applicant | Gist of the proposal | FDI (Rs. in crore) |
| 1 | Aashiyaan Housing & Development Finance Pvt Ltd | Approval for foreign investments from M/s Insitor Impact South Asia Pte Ltd, Singapore and M/s Oikocredit Ecumenical Development Cooperative Society U.A, Netherlands (‘Foreign Investors’) to commence its operations as a micro housing finance company in eastern India focusing on Tier II and Tier III towns and surrounding rural areas. | 10.00 |
| 2 | India Ports & Logistics Pvt Ltd | Acquisition of additional stake of up to 70.40% of M/s India Ports & Logistics Private Limited by M/s Bollore Africa Logistics SAS | 75.35 |
| 3 | Principal Pnb Asset Management Pvt Ltd | Post-facto approval for the indirect foreign investment made in M/s MF Utilities India Private Limited | 0.05 |
| 4 | Invesco Asset Management Pvt Ltd | Post-facto approval for the indirect foreign investment made in M/s MF Utilities India Private Limited | 0.05 |
The following one (01) proposal has been withdrawn:
| S. No | Name of the applicant | Gist of the proposal |
| 1 | CRISIL Ltd | Undertaking peer-to-peer lending platform business by itself or through one of its subsidiaries. |
The following one (01) proposal does not lie before DEA:
| S. No. | Name of the applicant | Gist of the proposal |
| 1 | HSBC Securities and Capital Markets (India) Pvt Ltd | Merger of the approval letter no FCII 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and approval letter no FC II 160(2005)/157(2005) dated 21.06.2005; Incorporating a wholly owned subsidiary(WoS) which will act as a trustee company to HSBC Mutual Fund; and HSBC Invest Direct Financial Services (India) Limited [WoS of HSBC Invest Direct (India) Ltd] to engage into additional activities – referral services. |