Government Approval for Sixteen Proposals of Foreign Direct Investment (FDI)

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On recommendations of Foreign Investment Promotion Board in its meeting held on 29th September 2015, the Government has approved 16 (sixteen) proposals of Foreign Direct Investment amounting to Rs. 4,722 crore.

  The following 16 (Sixteen) proposals have been approved:

Sl. No. Item No. Name of the applicant Gist of the proposal Sector FDI
1 1 M/s Sun Pharma Research Advanced Company Limited Approval sought to offer, issue and allot equity shares to FIIs, FPIs, NRIs and OCBs, pursuant to the Proposed Rights Issue, whether by way of renunciation or otherwise, upto an aggregate amount of ` 250 crore in the proposed rights issue of the company. Pharma 250 crores
2 2 M/s Schulke India Pvt. Ltd. Accepting transfer of local assets as part of a global acquisition agreement entered into between M/s Schulke GMBH and Advanced Sterilization Products (ASP) Division of Ethicon, Inc., a subsidiary of Johnson & Johnson Services Inc. Pharma 76.2 crore
3 4 M/s Synergia Life Sciences Pvt. Ltd. Approval to accept investment by M/s India Life Sciences Fund II LLC by subscribing to 428,725 equity shares of Rs. 10 each at a premium of Rs. 923 per share under private placement, constituting 30% of the share capital on a fully diluted basis. Pharma Rs 40 crore
4 5 M/s Strides Arcolab Limited Approval has been sought for issuing shares to non-resident and resident equity shareholders of M/s Shasun Pharmaceuticals Limited under a scheme of merger Pharma nil(merger)
5 7 M/s MMI Strategic Investments (Pty) Ltd. Approval sought for foreign Investment of 49% percent in an Indian health insurance company by subscribing to 4,92,16,177 equity shares of the company for INR 1,96,27,50,000. Insurance 196 crores
6 8 M/s Safran Engineering Services India Private Limited Approval has been sought for deletion of conditions in the last FIPB approval dated 03.02.2010 Services related to Defence Sector nil
7 13 M/s  Multi Screen Media Private Limited Approval  sought for deletion of Clause 7(b) of the FIPB Approval Broadcasting nil
8 16 M/s IVF Trustee Company  approval of the FIPB for the proposed investments by Indium V and Cayman Fund of upto ` 2,880 million (approximately US$ 45 million) and ` 3,200 million (approximately US$ 50 million) respectively in units of IVF V. Venture Capital Fund (AIF) 608 crores
9 18 M/s International Trade and Exhibitions India Private Limited Approval for proposed expansion of the scope of its business activities in printing, publishing and circulating or otherwise, dealing in all types of Books, scientific and technical magazines/ specialty journals/ periodicals and other publications but not in any manner dealing with news and current affairs. Print Media nil
10 19 M/s Aditya Birla Nuvo  post facto approval for the issue of convertible warrants  to M/s Surya Kiran Investments Pte Ltd., Singapore,  on February 21, 2008. Misc. Rs 377 crores
11 20 M/s Energy City Navi Mumbai Holding Company Post-facto approval for the transfer of Equity shares of  Fully & Compulsorily Convertible Debentures (CCDs)  in Valuable Properties Private Limited  by the applicant to its WoS i.e. VTMPL. Construction and Development Rs 139 crors (already brought in )
12 22 M/s Gulf Packaging Machines JLT Approval for setting up LLP. LLP Rs 0.65 crores
13 23 M/s Blue Star Infotech Limited approval sought for issuance of ESOPs to non-resident shareholders IT/ITES nil
14 24 M/s HDFC Capital Advisors Limited Approval sought for issue of units to M/s Green Light A 2014 Trust. HDFC Fund proposes to make investments in equity, equity linked instruments, redeemable preference shares, non-convertible debentures and other debt securities of listed or unlisted investee companies engaged in real estate construction development projects which are permitted under the SEBI AIF Regulations as a Category II AIF. Venture Capital Fund (AIF)  2400 crore
15 26 M/s Indian Herbs Specialities Private Limited Approval for receiving FDI by the way of  fresh subscription to shares and purchase of shares by the Investor from the existing shareholders to be issued to India 2020 Fund II, Limited Pharma 75 crores
16 27 M/s AEGON RELIGARE LIFE INSURANCE COMPANY LIMITED Approval sought for the transfer of shares of the company held by Bennett, Coleman & Company to AEGON India Holding B.V thereby raising the foreign shareholding from 26% to 49%. Insurance 559.96 crores

IndianBureaucracy.com wishes very best.

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