foreign investment promotion board approves 12 proposals of foreign direct investment in india as on...
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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#FIPBat its meeting held on 19th December 2014 Approves 12 Proposals of#ForeignDirectInvestmentsamounting to INR
1827.24 Crore or US$ 292.87 Million.
Data was released on 9th January 2015.
FIPB - Foreign Investment Promotion Board. Government of India
#FDI #IndiaInvesting #India #FPI #ForeignPortfolioInvestors #GovernmentOfIndia
#ForeignInvestmentPromotionBoard #InternationalInvestors #InvestmentInIndia
#IndiaInvestment #Investing #ForeignInvestor
For more Informative posts click:
https://www.linkedin.com/compan/!h"n!h"nwalas
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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Press Release : 09 January 2015
Government Approves Twelve (12) Proposals of Fore!n "re#t $nvestment (F"$)
Amountn! to Appro%mately Rs&1'2&2 *rore
Based on the recommendations of Foreign Investment Promotion Board FIPB$ in its meeting held
on %&th Decem'er ()%*+ the Government of India has approved twelve %($ proposals of ForeignDirect Investment FDI$ amo"nting to ,s.%-(.(* crore approimatel.
In addition+ one proposal relating to 0/s 1DF2 Bank 3imited has 'een recommended for
consideration of 2a'inet 2ommittee on 4conomic 56airs 2245$.
Details of Proposals considered in the Foreign Investment Promotion Board FIPB$ 0eeting held on
%&.%(.()%* are as follows:
Following %% eleven$ proposals have 'een approved ' the Government:
Sl. No.
Name of theapplicant
Gist of theproposal
Sector ProposedFDI (in Rs.
crore)
1M/s
TevapharmIndia Pvt. Ltd
A 100% foreignowned Indian
brownfield pharmacompan is see!ingapproval for theiss"ance of e#"itshares amo"nting to$& '0 million(appro).* to M/s TevaPharmace"ticalInvestmentsingapore Pte Ltd.+ingapore (e)istinginvestor* therebincreasing its c"rrentshareholding of ,,.1-% to '.0%..
Pharma .00
M/smbiotec
Pharmalab Pvt.Ltd.+ MP
M/s mbiotec
Pharmalab Limited+an e)isting pharmacompan+ is see!ingapproval for increasing foreigninvestment in its paid"p capital b transferof its e#"it sharesfrom residentshareholders to anonresident.
Pharma-.-
(appro).*
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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M/s2reseni"s 3abiIndia Private
Ltd.
Approval has beenso"ght b 2reseni"s3abi India PrivateLimited for (i*iss"ance of shares ona right basis to its
parent compan+ M/s2reseni"s 3abi A4+4erman and (ii*conversion of a loanta!en from its parentcompan into e#"itshares+ both invario"s tranches.
Misc
Man"fact"ringPharma prod"cts
156.60
M/s 7ovartis
8ealthcare Pvt.Ltd.
Approval has beenso"ght b transfer ofshares constit"ting
5% of the sharecapital of 7ovartis8ealthcare PrivateLimited held bforeign shareholdersfrom 7onresident to
7on resident b waof gift.
PharmaTransfer
is b wa ofgift
,
M/s
Intonation9esearch
LaboratoriesPvt. Ltd.
The :ompanproposes to bringadditional foreign
investment of "p to$ ; 1 million biss"ing shares toe)isting shareholdersMr. "resh 3"maro=anic ($ ;,0+000*.
Pharma.-0
(appro).*
M/s9atna!ar >an!
Limited+M"mbai
Approval has beenso"ght b M/s
9atna!ar >an! Limited for an InitialP"blic ?ffer (IP?* ofits e#"it shares toresidents+ 7onresidents incl"ding2oreign PortfolioInvestors (2PIs*+2oreign Instit"tionalInvestors (2II*+2oreign @ent"recapital Investors(2@:Is*+ therebincreasing the
2inancialervices / >an!ing
Private ector11,0.00
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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aggregate foreigninvestment from theapproved ,,% to '%
'
M/s 7apescoInternationalPetrole"mervices:ompan
(LL*+ 3"wait
M/s 7apescoInternationalPetrole"m ervices:ompan (LL*+3"wait and others
propose to set "p anLLP with foreigninvestment "pto55.55% of the capitalof the proposed LLP.
LLP .55
6M/s ignet
Plastic Pvt. Ltd
M/s ignet PlasticPvt. Ltd. for conversion of :ompan into LLP.
M/s ignet PlasticPvt. Ltd. wasincorporated on16/0/011 and isc"rrentl in theconstr"ction phase forman"fact"ring of
plastic prod"cts.
LLP 7il
5
M/sLa"sanne
8ospitalit:ons"lting a+
witBerland
M/s La"sanne8ospitalit:ons"lting (L8:*
A+ witBerlandproposes to set "p anLLP with foreigninvestment "pto55.55% in hospitalittraining andcons"lting services inthe field of hospitalit.
LLP 1.'5
10
Mr. An"rag3"mar
M/s >iodealPharmace"ticals
Private Limited.(>PPL* formed in&ecember 00,+ is ane)isting pharmaman"fact"rer+ havingtheir ownman"fact"ring plantsit"ated in 8imachalPradesh. Thecompan is c"rrentl
held ,1% b M/s8ovid >erhad+ aMalasian companand the balance 5%
Pharma 0.00
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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b the Indianpromoters gro"prepresented b Mr.Thobanbhai 3"r=ibhaiPatel.
11
M/s &r.illmar
chwabe IndiaPrivate Limited
2or decision on theadditional conditionsimposed b Ministrof 8ealth C 2amilelfare and Ministrof Dnvironment C2orest post the 2IP>meeting.
9ecommended
with additionalconditions asimposed bMinistr of
Dnvironment C2orest
7il
7he following twelve %($ proposals have 'een recommended to 'e deferred:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1
M/s print
Telecom IndiaPvt. Ltd. (Two
Proposals*
M/s print International 8olding+Inc.+ $A is see!ing approval toincrease its foreign e#"it participationin M/s print Telecom India PrivateLimited from '% to 100% thro"gh acombination of fresh iss"e of shares and
p"rchase of shares from the residentshareholders.
Telecom
M/s I7EM"sic Pvt. Ltd.+
M"mbai
M/s I7E M"sic Private Limited+ acompan which aggregates anddistrib"tes m"sic content for T@channels+ having '0.6,% indirectforeign investmentF proposes to"nderta!e the additional activit of
broadcasting of a nonnews and c"rrentaffairs channel+ as proposed scheme ofarrangement.
IT />roadcasting
-
M/s InsightMedia :it(India* Pvt.
M/s Insight Media :it (India* Pvt.
Ltd. (IM:* was incorporated on1/0-/01-. It is stated that IM: hasreceived inward remittance of 9s+0+00+0,.0, from Mr. Al"ngalMohammad (79I* and shares wo"ld beallotted to the 79I investor after 2IP>approval. The e)isting shareholding inIM: is entirel held b resident Indians.Post 2IP> approval+ 1'.-'5% of thetotal share capital in M/s Insight Media:it (India* Pvt. Ltd. will be held b
Mr. Al"ngal Mohammad (79I* and therest 6.1% b resident Indians.
IT />roadcasting
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Ms. Maham7aar and Miss
ahar 7aer+Pa!istan
Ms. Maham 7aar and Ms. ahar7aar+ Pa!istani citiBen+ has so"ght2IP> approval to import finishedcarpets from &"bai and other co"ntriesand trade it in India
Misc
Trading
, M/s A@D"ropa ec"ritPrivate Limited+ec"nderabad
M/s A@ D"ropa ec"rit PrivateLimited+ ec"nderabad see!ing
permission for receiving 5% foreigninvestment in ec"rit ervices andMan Power recr"itment C trainingservices b wa of transfer of sharesfrom its c"rrent Indian hareholder.
Misc Trading
M/s >eloor>air >iotech
Limited+>angalore
M/s >eloor >air >iotech Limited>angalore+ with .,,% foreigninvestment (on a f"ll dil"ted basis* bM/s India Agri >"siness 2"nd Ltd.Ma"riti"s proposes to ac#"ire+ b wa
of merger+ the entire share capital ofM/s >air :hemicals India PrivateLimited+ >angalore and M/s neha
7"t"ra India Private Limited+ bothcompanies being engaged in
pharmace"ticals sector.
Pharma
'M/s Agappe
&iagnosticsLimited (A&L*
M/s Agappe &iagnostics Limited(A&L* see!ing approval for ac#"isitionof 0. percent of its f"ll paid"pe#"it shares of A&L b M/s camore8oldings Limited+ Ma"riti"s.
Pharma
6M/s 7ovalead
Pharma PrivateLimited+ P"ne
M/s 7ovaLead Pharma PrivateLimited+ P"ne has so"ght permissionfor (a* the sale of a part of an e)istingshareholder M/s 3ota! India 4rowth2"nd share in the compan to (anothere)isting shareholder* M/s >o)moor(Ma"riti"s* Ltd.+ and (b* to allotadditional e#"it shares to >o)moor.
Pharma
5M/s 3oe
Pharmace"ticalsPrivate Limited
M/s 3oe Pharmace"ticals PrivateLimited+ a brownfield Pharmace"ticalscompan+ has so"ght permission toiss"e additional +00 ::P+constit"ting "p to ,.5'% of the sharecapital of the compan on a postiss"ance and f"ll dil"ted basis to a newforeign investor. Post the iss"e of D?Pshares+ the new foreign investor willhold ,% of the paid "p capital on af"ll dil"ted basis.
Misc Trading
10 M/s Airwor!sIndia
Dngineering Pvt.Ltd.
M/s Air or!s India (Dngineering*Private Limited is see!ing approval for
increasing foreign investment res"ltingin increase of Indirect 2&I in its oengaged in Aircraft Managementervices and Air :harter ervices as
:ivilAviation
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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G7on ched"led ?perators Permit.
11M/s ?stro
Dnerg Private
Limited+ &elhi
M/s ?stro Dnerg Private Limited+7ew &elhi has so"ght permission as acore investment compan for investment of $& -0 million
(appro)imatel I79 100 crores* overthe ne)t , ears in wind energ assetsin India via downstream investment.
Investing
:ompan
1
M/sMonsoon
:apital LL:+$A
M/s Monsoon :apital LL: hasso"ght permission for ma!inginvestments directl or indirectl inMonsoon Alternative Investment Tr"stin the form of 2&I.
Misc AlternativeInvestment2"nd (AI2*
7he following three )8$ proposals were approved "nder the a"tomatic ro"te:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1
M/s Metalsa IndiaPvt. Ltd.+ 7ew &elhi
M/s Metalsa Iss"e of e#"itshares to nonresidentshareholders againstcapitaliBation of import ofcapital 4oods/ Machiner.
Misc
Man"fact"ring
M/s 4M$Infosoft Pvt. Ltd.
The compan proposes toiss"e ',0 e#"it shares (1.,%
e#"it* of 9s.10/each+ to Mr.9amneet ingh 9e!hi+ $A+79I and ',0 e#"it shares(1.,% e#"it* of 9s.10/each toMr.arta= ingh 9e!hi+ $A+
79I.
Misc
-
M/s $ InfosoftPvt. Ltd.
The compan proposes toiss"e ',0 e#"it shares (1.,%e#"it* of 9s.10/each+ to Mr.9amneet ingh 9e!hi+ $A+
79I and ',0 e#"it shares
(1.,% e#"it* of 9s.10/each toMr.arta= ingh 9e!hi+ $A+
79I.
Misc
M/s :erner8ealthcare ol"tionsPvt Ltd+ >angalore
M/s :erner 8ealthcareol"tion Private Limited+>angalore+ is see!ing approvalfor investment in proposedLimited Liabilit Partnership(LLP* in the field of softwaredevelopment and informationtechnolog enabled sec"rities in
the field of healthcare and otherallied fields.
LLP
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7he following one %$ proposal has 'een recommended for consideration of the 2245+ as the
investment involved in the proposals is a'ove ,s.%()).)) crore:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1M/s 8&2:
>an! Limited+M"mbai
Approval has been so"ght b M/s8&2: >an! Limited for theiss"ance of e#"it sharesaggregating to an amo"nt of9s.10+000 crore to 79Is/2IIs/2PIss"b=ect to the aggregate foreignshareholding not e)ceeding '% ofthe post iss"e paid "p capital.
2inancial ervices />an!ing Private
ector
Release $+ : 119
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P, Release: -nstry of Fnan#e. /0"e#em,er. 201
Government 5pproves 4ight -$ Proposals of Foreign Direct Investment FDI$ 5mo"nting to 5'o"t
,s. 8*. 2rore
Based on the recommendations of Foreign Investment Promotion Board FIPB$ in its meeting held
on (%st 9ovem'er ()%*+ the Government of India has approved eight -$ proposals of Foreign
Direct Investment FDI$ amo"nting to ,s. 8*. crore approimatel.
In addition+ one proposal relating to 0/s 3"pin 3imited has 'een recommended for
consideration of 2a'inet 2ommittee on 4conomic 56airs 2245$.
Details of Proposals considered in the Foreign Investment Promotion Board FIPB$ 0eeting held on
(%.%%.()%* are as follows:
Following eight -$ proposals have 'een approved ' the Government:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector Proposed
FDI(In Rs.Crore)
1. M/s Medicamen
>iotech Limited+
&elhi
M/s Medicamen >iotech Limited+
&elhi+ engaged in pharmace"tical
sector+ has so"ght approval for
additional foreign investment b M/s
Pharmadanica A/+ &enmar!+ an
e)isting foreign investor in the
compan.
Pharma 0.1,
(appro)*
. M/s Mahanagar
4as Limited
M/s Mahanagar 4as Limited+
engaged in Petrole"m and 7at"ral
gas sector+ is see!ing approval torecord revised proposed shareholding
str"ct"re.
PC74
(?thers*
7il
-. M/s T"tor@ista
4lobal Private
Limited+ :hennai
Approval has been so"ght b M/s
T"tor@ista 4lobal Private Limited
for the merger of several direct and
indirect wholl owned s"bsidiaries
of Pearson (ingapore* PTD Limited.
IT C
ITD
7il
. M/s ::
:omp"ter ciences
International
?perations Limited+$nited 3ingdom
M/s :: :omp"ter ciences
International ?perations Limited+
$nited 3ingdom+ is see!ing
permission for setting"p a proposedLLP.
IT C
ITD
-0.00
(appro)*
,.
M/s @ent"ra
(India* Private
Limited
M/s @ent"ra (India* Private
Limited+ engaged in services sector+
see!ing approval for iss"ance of
shares to a foreign compan in the IT
sector in consideration of ac#"iring
latterHs branch office in India
p"rs"ant to a co"rt approved scheme
of demerger.
IT C
ITD
7il
. M/s Life Positive
Private Limited.(LPPL*.
Increase in foreign e#"it
participation from the e)isting 5%to 55% of the e#"it of the :ompan
and ind"ction of f"rther 2&I
of 9s.+0+',+500 b the foreign
IC>
.1
(appro).*
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collaborators.
'. M/s ssmart
ervices LLP+
M"mbai
(7o. 2:.I
116/01*
M/s ssmart ervices LLP+
M"mbai+ engaged in software s"ppl
services+ has so"ght approval for
investment b Mrs. Man="shree
3hist+ a foreign national.
?thers
(oftware
ervices*
0.005,
6. M/s Mahindra
:ID A"tomotive
Limited+ M"mbai.
(7o. 2:.I
1-/01*
M/s Mahindra :ID A"tomotive
Limited+ M"mbai has so"ght
approval to iss"e and allot
+-0+0-+1,0 e#"it shares to M/s
Participaciones Internacionales
A"tometal &os. .L.+ pain (PIA *+
the nonresident shareholder of M/s
Participaciones Internacionales
A"tometal Tres+ .L. pain (PIA -*+
in consideration of merger of M/s
Participaciones Internacionales
A"tometal Tres+ .L. pain (PIA -*
into M/s Mahindra :ID A"tomotive
Limited.
?thers 7il
7he following twelve %($ proposals have 'een recommended to 'e deferred:
Sl.
No.
Name of the
applicant
Gist of the proposal Sector
1.
M/s ngene
International Limited+
>angalore
An Indian Pharma compan+ engaged in
contract 9C& and man"fact"ring to third parties+
is see!ing approval for 10% foreign e#"it
participation in its e#"it shares capital.
Pharma
. M/s >iogenomics
Limited
Proposal for increase in aggregate limit of
investment b D>I registered 2IIs and their s"b
acco"nts in the capital of M/s L"pin Limited
"nder the Portfolio Investment cheme+ p"t
together to 5%.
Pharma
-. M/s 3eppelP"ravan!ara
&evelopment Private
Limited+ >angalore
M/s 3eppel P"ravan!ara &evelopment PrivateLimited+ >angalore+ engaged in constr"ction and
development of residential pro=ects in India+ has
so"ght approval for redemption of preference
shares iss"ed to the foreign investor M/s 3eppel
P"ravan!ara &evelopment Pvt Limited+ "pon the
e)pir of minim"m loc!in period of - ears.
:onstr"ction C
&evelopment
. M/s India @al"e
2"nd I@
M/s India @al"e 2"nd I@+ having 5'% 2&I+
see!ing approval for downstream investment in
M/s Atria :onvergence Technologies Private
Limited+ an internet service provider and holds
downstream investment in companies engaged ininternet service provider and m"lti sstem
operator for cable networ!.
Telecom C IC>
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,. M/s >encera
9eso"rces Private
Limited+ Ahmedabad
M/s >encera 9eso"rces Private Limited+
Ahmedabad+ engaged in trading of ceramic
ind"str cons"mables+ has so"ght postfacto
approval for partl paid shares iss"ed to M/s
:erani! stem Limited+ :hina.
IC>
.
M/s 3nowlarit
:omm"nicationsPrivate Limited+ &elhi.
M/s 3nowlarit :omm"nications Private
Limited+ engaged in providing telecom services+
has so"ght an approval to transfer e#"it sharesfrom e)isting investors and fresh iss"e of e#"it
shares and ::P to e)isting and new investor
leading to an increased 2&I sta!e from ,.1%
to60.5'%.
Telecom
'. M/s MD :apital
Mar!et :orporation
Ltd+ &elhi
M/s MD :apital Mar!et :orporation Ltd.
&elhi+ presentl a holding compan+ which
proposes ma!e downstream investment in
companies to engage in man"fact"ring+ has
so"ght approval for foreign investment in the
compan.
Telecom
6. M/s :hee!otel@ent"re 2"nd Private
Limited+ &elhi.
M/s :hee!otel @ent"re 2"nd Private Limited+&elhi+ a domestic @:2 compan+ has so"ght
approval to iss"e e#"it "pto 0% (of the voting
rights* to foreign investors for ma!ing investment
in M/s MD :apital Mar!et :orporation Ltd.
&elhi.
Telecom
5. M/s hah
@ibrator LLP+
M"mbai
M/s hah @ibrator LLP+ M"mbai has so"ght
approval for ,0% foreign participation of M/s
7ational Air @ibrator :ompan+ $A.
?thers
10
.
M/s 7:Lavalin
Ma"riti"s Limited.
J7o. 2:.II-5(01*/-(01*K
M/s 7:Lavalin Ma"riti"s Limited is
see!ing approval for conversion of ::P into
e#"it shares held in M/s Piramal 9oads InfraPrivate Limited+ an Indian investing c"m
operating compan and to increase its
shareholding from 10% to 1'%.
Investing
compan
11. M/s Montblanc
ervices >.@+
7etherlands.
J7o.
10/IA/9T/012:.I*
M/s Montblanc ervices >lan! >.@+
7etherlands (holding ,1% of shares* and M/s
Titan :ompan Limited+ India (holding 5% of
shares* propose to set "p a .
holesale
and D)port
Trading
7he following two ($ proposals have 'een withdrawn ' the applicant:
Sl
. No.
Name of the applicant
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1. M/s Toda MagaBines Lifestle Private Limited+ 7ew &elhi.
. M/s T: :apital Managers
7he following one %$ proposal has 'een recommended for the consideration of the 2245+ as
the investment involved in the proposals is a'ove ,s. %()).)) crore:
Sl.
No
.
Name of the
applicant
Gist of the proposal Sector
1.
M/s L"pin Limited Proposal for increase in aggregate limitof investment b D>I registered 2IIs and
their s"bacco"nts in the capital of M/sL"pin Limited "nder the PortfolioInvestment cheme+ p"t together to 5%.
Pharma
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Press Release : 01"e#em,er. 201
Government approves fteen %;$ proposals of Foreign Direct Investment FDI$ amo"nting to
a'o"t ,s. "siness Media India Pvt.Ltd.+ engaged in p"blishing+ issee!ing post facto approval for (i*
IC> 0
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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(-/AM/01* ind"ction of a new foreign investor in the approval letter to whom shareshad been iss"ed in 011+ (ii* changeof name of one e)isting investor and(iii* ind"ction of name of one foreigninvestor which was inadvertentl notinserted in the approval letter.
, M/s 4DTIT InfoservicesPrivate Limited (formerl!nown as M/s 4DTITInfoservices Limited* (7o.2:.II 11,/006*
M/s 4DTIT Infoservices PrivateLimited+ engaged of p"blishing+ issee!ing approval for increasingforeign e#"it participation in itsshare capital from present 5.%to "pto 100%.
IC> 16
M/s 8erman Miller 2"rnit"re(India* Private Limited+>angalore (7o. 1/012:.I*
Approval has been so"ght b M/s8erman Miller 2"rnit"re (India*Private Limited for setting "p aman"fact"ring "nit for
man"fact"ring f"rnit"re incl"dingwooden and steel f"rnit"re whichhas been reserved for Micro+ malland medi"m Dnterprises ector(MMDHs* .
?thers 7IL(Alread
bro"ghtin*
' M/s :enter for &isease&etection ervices 4lobalPrivate Limited+ >angalore(7o. 1'/012:.I*
M/s :enter for &isease &etectionervices 4lobal Private Limited+>angalore+ is see!ing permission forconversion of advances into e#"it.
Pharma 7IL(Alread
bro"ghtin*
6 M/s The 7"ance 4ro"p A4(7o. 2:.II1'/01-*
M/s 7"ance 4ro"p A4 witBerlandhas proposed for amendment in the
approval letter dated 0,.1.01- andto p"rchase shares in an e)istingcompan of the same gro"p insteadof incorporating a new compan to
be engaged in operating the d"t freeo"tlets at the :hhatrapati hiva=iInternational Airport (:IA*+M"mbai.
others
5 M/s Nipcash :ard ervicesPvt. Ltd (7o.1/IA/72:/0112:I*
M/s Nipcash :ard ervices Pvt. Ltdhas so"ght approval for removal ofthe condition of minim"mcapitaliBation as re#"ired "nder para... viB $& 0., million.Alternativel+ if 2IP> of the opinionthat this condition cannot be deleted+then permit 79Ito transfer the f"ll paid e#"itshares held b him in the companto an person resident in Indiawitho"t f"rther compling with
minim"m capitaliBation condition.
7>2: 0
10 M/s anofinthelabo(India* Limited+ M"mbai( 7o. 11,/012:.I*
M/s anofinthelabo (India*Limited+ M"mbai+ engaged in
brownfield pharmace"tical sector
Pharma 50
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and a 100% ? of M/s anofi.A.+ 2rance+ has so"ght approval for(a* additional foreign investment of9s.50 crore from its parent companand (b* intercorporate loan fromanother Indian incorporated anofi4ro"p compan in order to ac#"ire0% e#"it in M/s Apollo "gar:linics Limited+ M"mbai acompan engaged in providinghealthcare clinical services.
11 M/s "n Pharmace"ticalInd"stries Limited+ 4"=arat( 7o. 115/012:.I*
M/s "n Pharmace"ticals Ind"striesLimited+ 4"=arat has so"ght approvalfor iss"ing e#"it shares to (a* thenonresident shareholders and (b* theholders of global depositor receiptsof M/s 9anba) Laboratories
Limited p"rs"ant to the merger ofM/s 9anba) Laboratories Limitedinto M/s "n Pharmace"ticalsLimited thro"gh a scheme ofarrangement and based on the sharee)change ratio set o"t in the scheme.
Pharma 0
1 M/s Panacea >iotechLimited+ &elhi (7o.1/012:.I*
M/s Panacea >iotec Limited+ &elhi+a listed compan engaged in
pharmace"tical sector+ has so"ghtapproval for iss"ance of e#"itshares to O"alified Instit"tional
>"ers (OI>s* thro"gh proposed#"alified instit"tional placement.
Pharma ,0
1- M/s 7e"land LaboratoriesLimited+ 8derabad (7o.1-0/012:.I*
Approval has been so"ght b M/s7e"land Laboratories Limited forthe iss"ance of shares on right basisto its e)isting nonresidentshareholders.
Pharma ,
1 M/s at"res India Pvt. Ltd.+>anglore J7o. 2:.II60(01*/6(01*K (7o.'/AM/01*
An Indian pharma compan issee!ing approval to increase foreigninvestment from ,6.66% to '.,%
b wa of transfer of shares from
resident to e)isting nonresidentshareholder and 7979 transfer.
Pharma 56.,
1, M/s A. Menarini India Pvt.Ltd. (7o. 2:.II 155/01*
M/s A. Menarini India PrivateLimited (A. Menarni* is see!ingapproval to iss"e its e#"it shares toshareholders of M/s Menarini9a"na# Pharma Limited (M9PL*and f"rther transfer of shares fromshareholders of M9PL toshareholder of A. Menarini+ p"rs"ant
to the approval of the merger ofM9PL with A. Menarini.
Pharma 0
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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$he following se!en(%) proposals ha!e "een deferred
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s A"gere ireless>roadband India Private
Limited+ 7ew&elhi J7o.2:.II '(011*/(010*K
M/s A"gere ireless >roadband India PrivateLimited+ an Indian telecom compan+ proposes
to Increase foreign e#"it participation from'% to 100%.
Telecom
M/s ?Bone 7etwor!s PrivateLimited+ &elhi. (7o. 11/012:.I*
M/s ?Bone 7etwor!s Private Limited &elhi+engaged in telecom sector and with --.--%e)isting 2&I from M/s AL Telecom 8oldings(India* Limited+ :pr"s+ see!s approval for"pto 100% foreign investment b M/s ?Bone>@+ 7etherlands b wa of p"rchase of thee#"it share capital e)isting foreign and
domestic shareholders.
others
- M/s Agilent Technologies(International* Private LimitedJ7o. 2:.II ,(00-*/,(00*K
Approval/clarification has been so"ght b M/sAgilent Technologies (International* PrivateLimited to partiall lease the premises+ treatingit as additional activit.
IT CITD
M/s >aring Private D#"itAsia I@ Ma"riti"s 8oldings(-* Limited J7o. 2:.II0(000*/55(000*K J7o.
-'(00'*/0,(00'*K
# Approval has been so"ght b hare!hanLimited and M/s 8"man @al"e developers PvtLtd for the transfer of ::&s and ::Ps of theircompanies held b I&2: limited to >aring
Private D#"it Asia I@ Ma"riti"s 8oldingsLimited.
7>2:
, M/s 8olcim (India* Pvt. Ltd.J7o. 2:.II.-0(00*/'5(00*K
Approval has been so"ght b M/s Amb"=a:ements Ltd.+ for the ac#"isition of %shares in its holding companF 8olcim (India*Pvt Ltd from the latterHs holding compan M/s8olderind Investments Ltd (79* ands"bse#"ent reverse merger thro"gh a shareswap.
others
M/s 2T2 Pharma Pvt Ltd.+Ahmedabad (7o. 5/012:.I*
Approval has been so"ght b M/s 2T2 PharmaPrivate Limited+ a brownfield pharmace"ticalcompan for iss"ance of e#"it shares on aright basis to its e)isting foreign shareholder inthe proportion of the shares held.
Pharma
' M/s @a"grid Mar!etplaceervices Private Limited+Maharashtra (7o. 11/01 2:.I*
M/s @a"grid Mar!etplace ervices PrivateLimited+ Maharashtra+ is see!ing approval forallotment of e#"it shares towards preliminare)penses for the incorporation of the companand to iss"e pending e#"it shares against
share application mone pending sinceta!eover of a sister compan since-1.0-.005.
others
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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$he following two (&) proposals ha!e "een re'ected#
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s O"i!=et :argo AirlinesPvt. Ltd. >anglore(7o. 11'/012:.I* (7o.2:.II -/01-*
Approval has been so"ght b M/s 2arnairwitBerland A.4 for the p"rchase ofshares/::P of M/s O"ic!=et :argo Airlines PvtLtd from its e)isting shareholder and s"bscribeto fresh shares+ hereb increasing the foreignshareholding from .-% to '%
:ivilAviation
M/s Phil Arth"r >edford+&"bai( 7o. 101/012:.I*
Mr. Phil Arth"r >edford+ a >ritish 7ational and&"bai 9esident has so"ght approval to set "p anLLP in India which will act as the Master2ranchisee of the 9eferral Instit"te+ an instit"teengaged in providing cons"ltation tools to help
b"siness professional to gain financial s"ccessthro"gh relation based referral mar!eting.
others
In respect of the following one (1) proposal the recommendation is to ad!ise the applicant that the
proposal does not lie "efore FIP since the present acti!it* is +nder a+tomatic ro+te#
Sl.No
.
Name of the applicant Gist of the proposal Sector
1 M/s T"rner 4eneralDntertainment 7etwor!s
India Private LimitedJ7o. 2:.II-'(00'*/,(00'*K (7o.,/AM/01*
Post 2acto approval has been so"ght b T"rner4eneral Dntertainment 7etwor!s India Private
Limited for the transfer of 1 share held bresident shareholder to o of the foreigninvestor.
IC>
$he following one (1) proposal has "een recommended for the consideration of CC,- as the
in!estment in!ol!ed in the proposals is a"o!e Rs. 1&. crore
Sl.No. Name of the applicant Gist of the proposal Sector
1 M/s 8&2: >an! Ltd.(7o.2:.I-1/01-*
Approval has been so"ght b+ M/s 8&2: >an!Limited for maintaining the permissible foreign
>an!ingPrivate ector
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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holding in the ban! "p to '% of the total paid"p capital+ o"t of which the 2II s"blimit wo"ld
be 5% and the balance ,% wo"ld be 2&I.
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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Press Release :
Government approves 7went ()$ Proposals of Foreign Direct Investment amo"nting to ,s &--.8
2rore
Based on the recommendations of Foreign Investment Promotion Board FIPB$ in its meeting held
on >eptem'er %hipard 3imited+0"m'ai Investee 2ompan$which has eisting FII and 9,Iinvestments has proposed to"ndertake additional defenceactivities along with its eistingactivities.
Nil Defence
2 M/s Solar Industries
India Limited, Nagpur
(No. 86/2014-FC.I)
0/s >olar Ind"stries 3imited+which has minimal investment
FII/9,I investment+ has so"ghtapproval for "ndertakingadditional activit of man"fact"ring defence prod"cts.
Nil Defence
3 M/s Hatsoff Helicopter
Training Pvt Ltd, Bangalore
(No. 112/2014-FC.I)
Post facto approval has 'eenso"ght ' 0/s 1atso6 1elicopter
7raining Pvt 3td for the iss"e ofshares against interest moneaccr"ed on the foreignremittance received ' it fromthe foreign investor.
Rs. 5.6
Crore
Civil
Aviation
4 M/s VerizonCommunications India
Private Limited
[No. FC.II 39/2002]
0/s ?eri=on 2omm"nicationsIndia Private 3imited+ engaged intelecom sector+ is seekingapproval to increase foreigne@"it participation ' its foreignparent from *A to %))A.
Rs. 2.32Crore
Telecom
5 M/s Ironman Media and
Advisory Services Private
Ltd. (No.
11/SIA/NFC/2014)
0/s Ironman 0edia and5dvisor >ervices Private 3td. hasso"ght approval to iss"e sharesfor the amo"nt received as FDI.
Rs. 0.30
Crore
Print
Media
6 M/s Axes Studios LLP
(No.10/SIA/NFC/2014-
FC I)
0/s 5es >t"dios 33P hasso"ght approval to accept 9,Iinvestment from 0r. G"n!anDhirendra 2hag+ 9,I+ C.
Rs. 0.99
Crore
IT
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
24/27
7 M/s MapfreAsistencia
Camp A+ Aa International
de SegurosYReaseguros,
SA(No. 245/2013-FC.I)
Permission for incorporating ao> in India for providingsoftware related services andalso act as 2orporate 5gent to anIndian Ins"rer ' >oliciting andProc"ring Ins"rance '"siness as2orporate 5gent.
Rs. 1.70
Crore (US$
0.275
million)
Insurance
8 M/s Instant GlobalMoney Transfer Private
Limited
(No. 78/2014-FC.I)
0/s Instant Glo'al 0onetransfer Private 3imited+ P"n!a' isseeking post facto approval forpartl paid shares iss"ed to the0/s 7ransEFast ,emittance 332+9ew ork against FDI.
Rs. 0.15Crore
NBFC
9 M/s GETCO Asia Pte.
Ltd., Singapore
(No. FC.II: 156/2011)
5pproval so"ght ' a whollforeign owned compan forsetting "p a downstreams"'sidiar to 'e engaged in the'"siness of commodities 'roking+commodities trading and
providing li@"idit to thecommodities market.
Nil NBFC
1
0
M/s Equitas Holdings
Private Limited, Tamil
Nadu
(No. FC.II- 236/2011)
5pproval has 'een so"ght '0/s 4@"itas 1oldings Private3imited for downstreaminvestment in its wholl owneds"'sidiaries ' its eisting andnew foreign shareholders here'increasing the foreign e@"itfrom &%.8)A to &8.%(A
Rs. 325
Crore
Investing
Company
1
1
M/s ANZCapital Pvt.
Ltd. (FC.II: 121/2001)
0/s 59 2apital Private
3imited is seeking approval forremoval of the conditionprescri'ed in the F2 approval.
Nil NBFC
1
2
M/s Medipass SRL, Italy
(No. 83/2014-FC.I)
5pproval is so"ght '0edipass >,3+ an Italiancompan for the ac@"isition of-;.%&A stake in the share capitalof 0/s 2learview 1ealthcarePrivate 3imited+ an investingcompan with downstreaminvestment in health sector.
Rs. 15.11
Crore
Pharma
1
3
M/s Intas
Pharmaceuticals Limited,Ahmedabad
[No. FC.II 334/2005]
0/s Intas Pharmace"ticals
3imited+ an Indianpharmace"ticals compan+seeking approval for 9, to 9,transfer of %).%+%;constit"ting "p to
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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1
5
M/s Amneal
Pharmaceuticals Company
India Pvt. Ltd.
(No. 67/2014-FC-I)
0/s 5mneal Pharmace"ticals2ompan Private 3imited+ aforeign owned and controlledcompan+ is seeking approval forac@"isition of entire share capitalof 4psilon+ thro"gh a sharep"rchase agreement a compan
engaged in trading of genericpharma prod"cts and in processof setting "p form"lationman"fact"ring facilit.
UptoRs.
205 Crore
Pharma
1
6
M/s Fresenius Kabi
Oncology Limited, New
Delhi
(No. 89/2014-FC.I)
Approval has been sought for issuance
of equity shares for an aggregate
consideration of Rs. 119 Crore to increase
foreign shareholding from 96.22% to
96.483% of its parent company.
Rs. 119
Crore
Pharma
1
7
M/s Ferring
Pharmaceuticals Pvt. Ltd.
(FC.II 456/1996)
0/s Ferring Pharmace"ticalsPrivate 3imited is seeking postfacto approval for the investmentmade ' Ferring B? foreigncompan$ into 0/s FerringPharmace"ticals Pvt. 3td foronward downstream investmentin its o> 0/s Ferring
7herape"tics Pvt. 3td.+ prior toapproval of FIPB.
Nil Pharma
1
8
0/s Ind"sind Bank3td. ;&%/F2/&8/9,IEF2I$
the applicant has so"ghtapproval for increase in foreigninvestment in IB3 to *A with aspecic re@"est to grant postE
facto approval for increase inforeign holding from 2?, %&;-)8.
Nil Whole
Sale Trading
2
0
M/s Tara India Fund IV
Trust, Mumbai
(No. 102/2014-FC.I)
0/s 7ara India F"nd I? 7r"stseeking permission for
investment "pto >H*; million' s"'scri'ing to the "nits of theapplicant and categor Binvestors to invest "p to > H ;million in the "nits of 75,5 F"nd.
Rs
305.63 Crore
(US$ 50
million)
Investing
Company
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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(. 7he following eight -$ proposals have 'een deferred:
l&
o&
ame of t3eappl#ant
Gst of t3e proposal e#tor
1 M/s Pureplay
Investment Partners,Mauritius
(No. FC.I-270/2013)
Proposal for FDI by M/s Pureplay Investment Partners
Mauritius in:(a) upto 74% in M/s Indiverse Broadband Private
Limited, an existing company engaged in the cable
television networks business and undertaking up -gradation
of networks towards digitization and addressability (b)
49% in (JVC-I) and 49% in (JVC-2) (both JVC will be act
as investing company).
Telecom
2 M/s ASV Europa
Security Private Limited,
Secunderabad (No.
91/2014-FC.I)
M/s ASV Europa Security Private Limited,
Secunderabad seeking permission for receiving 49%
foriegn investment in Security Services and Man Power
recruitment & training services by way of transfer of
shares from its current Indian Shareholder.
Private
Security
Agencies
3 M/s Halyard Health
Inc., USA (No.
109/2014-FC.I)
Approval has been sought by M/s Halyard Health, Inc,
USA, WoS of Kimberley Clark group to set up a new
company in India to be engaged in import and sale of
healthcare products on Wholesale business and transfer
of some assets from one WoS to the new company.
Pharma
4 M/s BeloorBayir
Biotech Limited,
Bangalore (No.
111/2014-FC.I)
M/s BeloorBayir Biotech Limited Bangalore, with
22.55% foreign investment (on a fully diluted basis) by
M/s India Agri Business Fund Ltd. Mauritius proposes to
acquire, by way of merger, the entire share capital of M/s
Bayir Chemicals India Private Limited, Bangalore and M/s
Sneha Nutura India Private Limited, both companies beingengaged in pharmaceuticals sector.
Pharma
5 Mr. Anurag Kumar
(No. 12/SIA/NFC/2014)
The applicant has sought Government approval for
acquisition of 100% equity of BPPL. The proposal has
been supported by the consent of existing shareholders
and Board Resolution of the investee company.
Pharma
6 M/s Tevapharm India
Pvt. Ltd. [FC.II
35(2001)/45(2001)]
A 100% foreign owned Indian brownfield pharma
company is seeking approval for additional capital
infusion.
Pharma
7 M/s GMU
InfosoftPvt.
Ltd.(No.
17/SIA/NFC/2011-FC I)
company proposes to issue 2750 equity shares (1.52%
equity) of Rs.10/each, to Mr. Ramneet Singh Rekhi, USA,
NRI and 2750 equity shares (1.52% equity) of Rs.10/eachto Mr.Sartaj Singh Rekhi, USA, NRI.
Others
8 M/s U InfosoftPvt.
Ltd. ( No.
16/SIA/NFC/2011-FC I)
The company proposes to issue 2750 equity shares
(1.52% equity) of Rs.10/each, to Mr. Ramneet Singh
Rekhi, USA, NRI and 2750 equity shares (1.52% equity)
of Rs.10/each to Mr.Sartaj Singh Rekhi, USA, NRI.
Others
8. 7he following ve ;$ proposals have 'een re!ected:
l&
o&
ame of t3eappl#ant
Gst of t3e proposal e#tor
1 M/s Indus Teqsite 5 ? is proposed to 'e formed with (
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8/10/2019 Foreign Investment Promotion Board approves 12 Proposals of Foreign Direct Investment in India as on 19th Dece
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Private Limited, Tamil
Nadu
(No. 261/2013-FC.I)
FDI to "ndertake defence sector activities.
2 M/s. Sistema Shyam
Teleservices Ltd.
[FC.II 241 (07)/285(07)]
Increases in FDI "pto %))A in 0/s>istema >ham 7ele >ervices 3imited andits downstream o> 0/s >ham Internet>ervices 3imited+ 'oth engaged in telecom
sector+ on acco"nt of conversion of,edeema'le Preference >hares into e@"it.
Telecom
3 M/s Kusum Healthcare
Private Limited, New Delhi
(No. 92/2014-FC.I)
0/s C"s"m 1ealthcare Private 3imited+9ew Delhi+ engaged in pharmace"ticalssector+ has so"ght approval for iss"inge@"it shares/22P>/22Ds to 0/s pasa1oldings 5G+ >wit=erland+ leading to (;Ashareholding in the applicant.
Pharma
4 M/s BioMerieux India
Private Limited, New Delhi
(No. 97/2014-FC.I)
0/s Bio0erie" India Pvt 3td.+ a o> of0/s Bio0erie" France has so"ght approvalfor additional downstream investment of%)A increase from 3ife sciences Private 3imited+ acompan engaged in 'rowneldpharmace"tical sector. PostEfacto approvalfor initial investment of
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