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    <title>14 Proposals Amounting to Rs 113.35 Crore of Foreign Direct Investment Approved by FIPB</title>
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    <description>FIPB considered FDI proposals on September 18, 2012 and approved fourteen proposals across sectors-consumer goods, hotels, IT/ITES, media, health, pharmaceuticals and shipbuilding-authorising various forms of foreign equity induction, post-facto approvals for partly paid shares, preferential allotments, LLP conversions and issuance of convertible instruments, with certain approvals noting existing or nil inflows. Nine proposals were deferred for further scrutiny or compliance, and seven proposals were rejected where requests sought post-facto regularisation, capitalization of pre-operative expenses, LLP setups for IT/web services, or conversion of past investments.</description>
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