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    <title>Government Approves Seven (7) Proposals of Foreign Direct Investment (FDI)</title>
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    <description>Central Government approved seven FIPB-recommended FDI proposals including a post facto approval for equity issued after a court-approved demerger in wholesale trading, amendment of prior approval conditions for an investing company/small finance bank, takeover of a publication, a downstream acquisition to make a pharmaceutical subsidiary wholly owned, intra-group acquisition of a minority pharmaceutical stake, acquisition of a healthcare company, and issuance of CCDs increasing foreign equity in a telecom company. Seven proposals were deferred for further scrutiny and five were rejected on policy or route-related grounds.</description>
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    <pubDate>Wed, 24 Aug 2016 12:33:36 +0530</pubDate>
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      <description>Central Government approved seven FIPB-recommended FDI proposals including a post facto approval for equity issued after a court-approved demerger in wholesale trading, amendment of prior approval conditions for an investing company/small finance bank, takeover of a publication, a downstream acquisition to make a pharmaceutical subsidiary wholly owned, intra-group acquisition of a minority pharmaceutical stake, acquisition of a healthcare company, and issuance of CCDs increasing foreign equity in a telecom company. Seven proposals were deferred for further scrutiny and five were rejected on policy or route-related grounds.</description>
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