India Ministry of Finance: Government Approves 6 Proposals of Foreign Direct Investment Amounting t

Sl. No.

Name of the applicant

Particulars of the proposal

FDI/NRI inflows

(Rs.in crore)

1

M/s SIDBI Social Venture Trust, Mumbai

To allot Class A units of the Fund to bring foreign investment.

285.00

2

M/s Navayuga Road Projects Pvt. Ltd., Hyderabad

To act as an investing company and to make downstream investments in its Special Purpose Companies.

357.60

3

M/s AirAsia Investment Ltd., Malaysia

To set up a JV company to undertake the business of operation of scheduled passenger airlines.

80.98

4

M/s Farnair Switzerland A.G., Switzerland

To increase FDI in an Air Transport Business Company by purchase of shares from Indian shareholder.

1.35

5

M/s AET Laboratories Pvt. Ltd., Hyderabad

Induction of additional foreign equity in a pharmaceutical company.

5.34

6

M/s Bharat Electronics Limited, Bangalore

To set up a JV company to carry out the business of Design, Development, marketing, supply and support of civilian and select defence Radars for Indian and global markets.

2.5

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s ICICI Venture Funds Management Company Ltd., Mumbai

To bring fund from a foreign limited liability company FVCI for making investment in the units of a Trust for making investments in Portfolio companies in India.

2

M/s P5 Asia Holding Investments (Mauritius) Limited, Mauritius

NR to NR transfer of shares to carry out the business of (a) Broadcasting a non- news and current affairs television channel namely "StarCJ alive" Channel; (b) wholesale cash and carry trading of products; and (c) creation of home shopping content for broadcast through any and all mediums, including the channel, all within India.

3

M/s Premier Medical Corporation Limited, Mumbai

Induction of foreign equity in a pharmaceutical company.

4

M/s Fullife Healthcare Pvt. Ltd., Mumbai

Induction of foreign equity in a pharmaceutical company to carry out the business of in-licensing, developing, getting products manufactured from third party and out-licensing the marketing rights of unique healthcare solution in the field of food supplements, non-critical diagnostics and pharma products.

5

M/s Barefoot Resorts & Leisure India Pvt. Ltd., Chennai

Post facto approval for issuance of partly paid up shares to carry out the business of leisure tourist resorts both on wholesome basis and on time share basis.

6

M/s Highdell Investment Ltd., Mauritius

Induction of foreign equity in an investment holding company.

7

M/s BF Elbit Advanced Systems Pvt. Ltd., Pune

To set up a new JV company to be engaged in design, development, manufacturing of defence related products.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Prithvi Information Solutions Ltd., Andhra Pradesh

Issue of warrants to carry out the business of end-to-end solutions in information technology, RF engineering and knowledge service apart from providing consulting and staff augmentation.

Sl. No.

Name of the applicant

Particulars of the proposal

1

M/s Copper Beech Infrastructure Pvt. Ltd., New Delhi

Request for deletion of compounding condition. The company is engaged in the business of setting up of Educational Infrastructure.

Sl. No.

Name of the applicant

Particulars of the proposal

1

M/s Artura Pharmaceuticals Pvt. Ltd., Chennai

Post facto approval for issuance of shares in a pharmaceutical company.

Sl. No

Name of the applicant

Particulars of the proposal

1

M/s Woory Automotives India Pvt. Ltd., Chennai

An operating cum investing company to make downstream investment.

Sl. No

Name of the applicant

1

M/s NA Pali Europe SARL

2

Mrs. Jayalakshmi Jagannathan

Sl. No.

Name of the applicant

Particulars of the proposal

1

M/s Yes Bank Limited, Mumbai

To increase foreign equity participation through a qualified institutional placement (QIP) of Equity shares to eligible NRs and/or issue of GDRs to FIIs.

2

M/s Brampton Pvt. Ltd.

Clarification regarding limit on percentage of shareholding to be held either by Indian partner or foreign partner for forming the joint venture company.

3

M/s Indian Energy Exchange Limited, Mumbai

Post facto approval for the issue of compulsory convertible preference shares and equity shares to foreign investors. The company is engaged in the business of exchange of electricity.

4

M/s Sunij Pharma Pvt. Ltd., Ahmedabd

Induction of additional foreign equity in a pharmaceutical company.

5

M/s WCP Holdings III, Mauritius

Acquisition of shares of an Indian stock exchange (NSE) from an existing financial institution shareholder.

6

M/s Scripbox.com India Pvt. Ltd., Bangalore

Indian company acting as facilitator of investments into mutual funds (other financial Services not mentioned in the FDI policy) proposes to receive foreign investment.