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    <title>12 Foreign Direct Investment proposals approved</title>
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    <description>Approved proposals authorize issuance of equity shares and convertible warrants, induction of foreign equity in joint ventures, acquisition of additional equity including compulsorily convertible preference shares, and conversion of operating companies into operating cum holding companies to permit downstream investment; certain approvals attract Press Note 1 of 2005 or involve ex post facto approval for warrant allotment, while eight proposals were deferred and one was rejected.</description>
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