Department of Economic Affairs disposes five FDI proposals aggregating to Foreign Investment


During the month of April, 2018, the Department of Economic Affairs  (DEA) , Ministry of Finance 

has disposed of five FDI proposals aggregating to  Foreign  I nvestment of Rs. 3,250 crores, as per details attached.

 

 

The following three (03) proposals have been approved:

 

S. No

Name of the applicant

Gist of the proposal

FDI (Rs. in crore)

1.      

M/s Alcon Laboratories (India) Pvt Ltd (No. 4681)

To undertake financial lease of ophthalmic surgical equipment in India in addition to the existing business of wholesale trading in India.

Nil

2.      

M/s CVC Asia Pacific (Singapore) Pte. Limited (No. 4631)

Amendment application relating to imposition of minimum capital norms

Nil

3.      

M/s Hindustan Infralog Pvt Ltd (No. 4714)

Seeking approval for foreign investment in M/s Hindustan Infralog Pvt Ltd, a proposed investing company, from M/s DP World Global Investment BV, Netherlands amounting to 65% of paid-up share capital of M/s Hindustan Infralog Pvt Ltd.

Up to Rs. 3,250 crore

 

The following one (01) proposal has been returned to the applicant on the ground of being premature:

S. No

Name of the applicant

Gist of the proposal

4.      

M/s Northvale Capital Partners Private Limited (No. 4677)

Seeking approval for acquisition of up to 100% of the share capital of a non-operational investment holding company, namely M/s Vadodara Stock Exchange Limited, a derecognized stock exchange.

 

 

 

The following one (01) proposal has been rejected:

S. No

Name of the applicant

Gist of the proposal

5.      

M/s Kora Research Advisors India LLP (No. 4674)

Seeking post facto approval for the cumulative investments made by M/s Kora Management LP, USA and M/s Kora LLC, USA in M/s Kora Research Advisors India LLP.

 


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