Department of Economic Affairs disposes six (6) FDI proposals aggregating to foreign investment of 85.45 crore in September 2017

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....epartment of Economic Affairs disposes six (6) FDI proposals aggregating to foreign investment of 85.45 crore in September 2017 <br>News and Press Release<br>Dated:- 10-10-2017<br><BR>During the month of September 2017, the Department of Economic Affairs has disposed of six FDI proposals aggregating to foreign investment of &#8377; 85.45 crore, as per details attached. The following four (04) pro....

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....posals have been approved: S. No Name of the applicant Gist of the proposal FDI (Rs. in crore) 1 Aashiyaan Housing & Development Finance Pvt Ltd Approval for foreign investments from M/s Insitor Impact South Asia Pte Ltd, Singapore and M/s Oikocredit Ecumenical Development Cooperative Society U.A, Netherlands ('Foreign Investors') to commence its operations as a micro housing finance compan....

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....y in eastern India focusing on Tier II and Tier III towns and surrounding rural areas. 10.00 2 India Ports & Logistics Pvt Ltd Acquisition of additional stake of up to 70.40% of M/s India Ports & Logistics Private Limited by M/s Bollore Africa Logistics SAS 75.35 3 Principal Pnb Asset Management Pvt Ltd Post-facto approval for the indirect foreign investment made in M/s MF Utilities India....

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.... Private Limited 0.05 4 Invesco Asset Management Pvt Ltd Post-facto approval for the indirect foreign investment made in M/s MF Utilities India Private Limited 0.05 The following one (01) proposal has been withdrawn: S. No Name of the applicant Gist of the proposal 1 CRISIL Ltd Undertaking peer-to-peer lending platform business by itself or through one of its subsidiaries. The foll....

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....owing one (01) proposal does not lie before DEA: S. No. Name of the applicant Gist of the proposal 1 HSBC Securities and Capital Markets (India) Pvt Ltd Merger of the approval letter no FCII 229(1994)/300(1994) dated 13.05.1994 (read along with 18 amendments) and approval letter no FC II 160(2005)/157(2005) dated 21.06.2005; Incorporating a wholly owned subsidiary(WoS) which will act as a ....

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....trustee company to HSBC Mutual Fund; and HSBC Invest Direct Financial Services (India) Limited [WoS of HSBC Invest Direct (India) Ltd] to engage into additional activities - referral services.<BR> News - Press release - PIB....