Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, Government has approved 11 (eleven) proposals of Foreign Direct Investment amounting to Rs. 1,567.91 crore.
In addition, two proposals viz., M/s Sistema Shyam TelServices Ltd involving an FDI of Rs. 10,000 crore, and M/s IIFL Holdings Limited involving an FDI of Rs. 3201.5 crore, have also been recommended for consideration of Cabinet Committee on Economic Affairs.
The following 11 (eleven) proposals have been approved
| s. No. | Item No. | Name of the applicant | Gist of the proposal | Sector | Proposed FDI |
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| 1 | 1 | M/s MicroVentures Investment S.A. SICAR | Approval has been sought by MicroVentures Investment S.A. SICAR for the transfer of 60,52,278 bonus shares of Equitas Holdings Private Limited to its holding company Credit Access Asia NV Netherlands, pursuant to merger of MicroVentures Investment S.A. SICAR into Credit Access.
The foreign shareholding of Credit Access in Equitas will increase from 4.29% to 6.54%. | Pharma | Nil |
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| 2 | 4 | M/s Amar Ujala Publications Limited | Approval has been sought by Amar Ujala Publications Limited for Foreign Shareholding in the company up to 26% of the post issue paid up equity share capital pursuant to proposed initial public offering-
Issue of equity shares to FIIs/FPIs/NRIs and Transfer of 26,90,234 shares by existing shareholders for an aggregate consideration of Rs.50 cr. | Print Media / Information and Broadcasting | Rs.50 crores |
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| 3 | 5 | M/s Eros International Media Limited | Approval has been sought by M/s Eros International Media Limited for setting up a Limited Liability Partnership (LLP). | LLP | Rs. 49,90,000 |
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| 4 | 6 | M/s CMDB II, Mauritius | CMDB II, Mauritius has sought approval to acquire the shares of the Investee company (i,e. Equitas Holdings (P) Ltd.) from Canaan VIII, Mauritius for a total consideration of Rs. 41,31,72,726.74.. | Pharma | Nil |
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| 5 | 7 | M/s Bhurani Enterprises LLP | Approval has been sought by M/s Bhurani Enterprises LLP to accept 99.99% foreign investment by a PIO individual. | LLP | Rs.4 Crores |
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| 6 | 9 | M/s O-zone Networks Private Limited, Delhi | M/s O-zone Networks Private Limited Delhi, seeks approval for upto 100% foreign investment by M/s Ozone BV, UK by way of purchase of the equity share capital existing shareholders.
(i) In the 1st tranche, Ozone BV will acquire 33.33% equity in Ozone India represented by 10,469 Class B shares from M/s Al Telecomes Holdings (India) Limited. The estimated consideration for the said transaction is USD 1.
(ii) In the 2nd tranche, Ozone BV will purchase 66.67% equity in Ozone India represented by 20,938 Class A Shares from Mr. Sanjeev Kumar Sarin, Mr. Sharmendra Amil, Mr Himanshu Amin and Ozone Employees Stock Option Trust. The estimated consideration for the said transaction is USD 2.
It is stated that for implementing business plans of Ozone in India, the investor group shall provide GBP 9 million as development capital in annual tranches (in financial year 2014-15 and financial year 2015-16). The said funds would be invested in ozone-India in lieu of issue of equity shares or preference shares. | Internet services | Rs.89.61 crores |
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| 7 | 10 | M/s Chorus Call INC, USA | Approval has been sought by M/s Chorus Call INC, USA for increase in the foreign equity from 74% to 100% in M/s Chorus Call Conferencing Services India Private Limited engaged in providing services like transmission of voice, video and data. | Telecom | Rs. 9.10 crores |
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| 8 | 12 | M/s Indian Rotorcraft Limited | M/s Indian Rotorcraft Limited, Mumbai has sought approval for
(i) To incorporate the helicopter model as AW 119Kx in place of AW 119Ke.
(ii) To change the foreign investor from M/s AgustaWestland N.V., The Netherlands to M/s AgustaWestland S.p.A, Italy as M/s AgustaWestland N.V., The Netherlands merged into M/s AgustaWestland S.p.A, Italy, pursuant to an internal re-organization through merger within the AgustaWestland group w.e.f January 01, 2014. | Defence | Nil |
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| 9 | 13 | M/s New India Biopharma Ltd. | Post facto approval has been sought by M/s New India Biopharma Ltd. for inward remittances received since 2013. | Pharma | Rs.1.7 crores |
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| 10 | 19 | M/s. BTI Payments Pvt Ltd | M/s. BTI Payments Pvt Ltd, a company with approved foreign equity of 100% has sought approval for addition in the foreign investor, M/s BTI Payments Singapore Pte Ltd which is a WoS of the existing foreign investor of the company, M/s. The Banktech Group Pty Ltd, Australia.
M/s BTI Payments Singapore Pte Ltd will subscribe to equity shares of the applicant for an additional consideration of Rs.63 crores in one or more tranches. | White Label ATMs | Rs.63 crores |
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| 11 | 20 | AGS Transact Technologies Limited | Approval has been sought by AGS Transact Technologies Limited for the issue and transfer of equity shares to eligible non-resident investors, such as FPIs, FIIs, FVCIs and NRIs, pursuant to an IPO thereby increasing the foreign shareholding from the approved foreign equity of 43.17% to 49% for an aggregate consideration of Rs.1350 crores | White Label ATMs | Rs.1350 crores (fresh issue of Rs.400 crore and sale of shares from existing non-resident investors Rs.950 crores). |
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The following 2 (two) proposals have been recommended by the FIPB for approval of Cabinet Committee on Economic Affairs (CCEA) as the investment involves an inflow of more than Rs. 3000 crores in accordance with Para 5.2.2 of the Consolidated FDI Policy 2015.
| S.no. | Item No | Name of the applicant | Gist of the proposal | Sector | Amount |
| 1 | 11 | M/s Sistema ShyamTelServices Limited | Approval has been sought for conversion of the non-convertible redeemable preference shares to optionally convertible redeemable preference shares and thereafter equity shares thereby increasing the foreign equity from 73.95% to 85.13%, directly in M/s Sistema ShyamTelServices Limited and indirectly in Shyam Internet Services Limited | Telecom | Rs.10,000 crores (Rs.9433.5 crores already brought in) |
| 2 | 18 | M/s IIFL Holdings Limited, | Approval has been sought by M/s IIFL Holdings Limited, a NBFC company for increasing the foreign equity from 52.29% to 100% by way of issuing shares to FIIs. | NBFC | Rs.3201.5 crores approx. (based on the open offer price) |
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