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Ministry of Finance
Posted On: 11 MAY 2018 3:21PM by PIB Delhi
During the month of April, 2018, the Department of Economic Affairs (DEA), Ministry of Finance has disposed of five FDI proposals aggregating to Foreign Investment of ₹ 3,250 crores, as per details attached.
The following three (03) proposals have been approved:
S.No. | Name of the applicant | Gist of the proposal | FDI (Rs. In crore) |
1. | M/s Alcon Laboratories (India) Pvt Ltd (No. 4681) | To undertake financial lease of ophthalmic surgical equipment in India in addition to the existing business of wholesale trading in India. | Nil |
2. | M/s CVC Asia Pacific (Singapore) Pte. Limited (No. 4631) | Amendment application relating to imposition of minimum capital norms | Nil |
3. | M/s Hindustan Infralog Pvt Ltd (No. 4714) | Seeking approval for foreign investment in M/s Hindustan Infralog Pvt Ltd, a proposed investing company, from M/s DP World Global Investment BV, Netherlands amounting to 65% of paid-up share capital of M/s Hindustan Infralog Pvt Ltd. | Up to ₹ 3,250 crore |
The following one (01) proposal has been returned to the applicant on the ground of being premature:
S.No. | Name of the applicant | Gist of the proposal |
4. | M/s Northvale Capital Partners Private Limited (No. 4677) | Seeking approval for acquisition of up to 100% of the share capital of a non-operational investment holding company, namely M/s Vadodara Stock Exchange Limited, a derecognized stock exchange. |
The following one (01) proposal has been rejected:
S.No. | Name of the applicant | Gist of the proposal |
5. | M/s Kora Research Advisors India LLP (No. 4674) | Seeking post facto approval for the cumulative investments made by M/s Kora Management LP, USA and M/s Kora LLC, USA in M/s Kora Research Advisors India LLP. |
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DSM/RM/KA
(Release ID: 1531885) Visitor Counter : 69
Foreign investment approvals and dispositions announced, including approvals, a premature return, and a rejection. Department of Economic Affairs disposed of five FDI proposals: three approved (including a domestic entity permitted to undertake financial leasing of ophthalmic equipment, an amendment on minimum capital norms, and approval for a foreign entity to acquire a majority stake in a proposed investing company with an identified upper limit), one returned as premature (acquisition of a derecognized stock exchange), and one rejected (post-facto approval for cumulative foreign investments in a domestic LLP). of Press 'Enter' after typing page number.
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