https://www.taxtmi.com/news?id=15168 Government approval, based on FIPB recommendations, was granted for four FDI proposals totalling approximately Rs. 384.45 crore across pharma, manufacturing and defence, including foreign equity infusion, ESOP clarification and issuance to non resident employees, a small equity purchase, and an increase in permitted foreign shareholding. Five proposals were deferred pending further scrutiny of ownership, entry conditions and transaction mechanics, four proposals were rejected for reasons including post facto allotment and ineligible downstream investment amendments, and one proposal was held not to lie before the body. en-us Mon, 09 Nov 2015 13:23:45 +0530 Mon, 09 Nov 2015 13:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15168 Government approval, based on FIPB recommendations, was granted for four FDI proposals totalling approximately Rs. 384.45 crore across pharma, manufacturing and defence, including foreign equity infusion, ESOP clarification and issuance to non resident employees, a small equity purchase, and an increase in permitted foreign shareholding. Five proposals were deferred pending further scrutiny of ownership, entry conditions and transaction mechanics, four proposals were rejected for reasons including post facto allotment and ineligible downstream investment amendments, and one proposal was held not to lie before the body. News - Mon, 09 Nov 2015 13:23:45 +0530 https://www.taxtmi.com/news?id=15168