June 16, 2024, 04:52:38 AM
collapse

Author Topic: Finance Ministry Clears 18 Fdi Proposals Worth Rs 2,126 Cr  (Read 351 times)

Offline manpreet singh boston

  • Local Moderator
  • Jimidar/Jimidarni
  • *
  • Like
  • -Given: 12
  • -Receive: 132
  • Posts: 1985
  • Tohar: 95
  • Gender: Male
  • Manpreet Singh Khalsa
    • View Profile
  • Love Status: Single / Talaashi Wich
Finance Ministry Clears 18 Fdi Proposals Worth Rs 2,126 Cr
« on: November 26, 2011, 11:36:30 AM »
The Finance Ministry approved 18 FDI proposals, including that of Dish TV and MCX, envisaging foreign investment of Rs 2,126 crore, while referring the application of Unitech Wireless to the Cabinet. The proposals were cleared following recommendations of Foreign Investment Promotion Board (FIPB).
However, decision on 16 proposals including that of Religare Capital Markets and Cordia International Corp, USA, was deferred and 11 were rejected, the Finance Ministry said. The request of "Unitech Wireless (TN), amounting to Rs 8,250 crore, has been recommended for consideration of Cabinet Committee on Economic Affairs (CCEA)," the statement said. The company is seeking foreign investment to promote its telecom business including unified access services. FDI proposals envisaging investment of over Rs 1,200 crore and more are referred to CCEA for clearance.
It also said that decision on Vodafone-Essar's request of transfer of shares from resident to non-resident to carry out the activities relating to telecommunication could not be taken as more deliberations were needed. "(Vodafone Essar's Rs 2,835 crore) proposal has been recommended for the consideration...after the receipt of inputs from concerned departments," it added. The government cleared Dish TV India's Rs 980 crore proposal to raise foreign equity to produce telecom equipment and marketing of mobile satellite communications.
The statement further said MCX's (Multi Commodity Exchange of India) request for sale of equity shares through an Initial Public Offering (IPO) to Indians and Sebi registered FIIs has also been cleared. The proposal of Mauritius-based Ventureast Life Fund III LLC seeking induction of foreign equity worth Rs 950 crore in a trust has also been cleared.

Database Error

Please try again. If you come back to this error screen, report the error to an administrator.

* Who's Online

  • Dot Guests: 652
  • Dot Hidden: 0
  • Dot Users: 0

There aren't any users online.

* Recent Posts

Request Video Of The Day by Gujjar NO1
[June 12, 2024, 12:32:32 AM]


PJ te kinnu dekhan nu jii karda tuhada ??? by EvIL_DhoCThoR
[May 13, 2024, 04:00:49 PM]


Majh on sale by Gujjar NO1
[April 07, 2024, 03:08:25 PM]


Best DP of the Week by Gujjar NO1
[March 29, 2024, 03:14:49 PM]


your MOOD now by EvIL_DhoCThoR
[March 26, 2024, 05:58:11 AM]


~~say 1 truth abt the person above ya~~ by Gujjar NO1
[March 21, 2024, 11:04:24 AM]


Hello Old Friends/Friendaynaz by Gujjar NO1
[March 14, 2024, 03:42:51 AM]


This Site Need Fix/Update by Gujjar NO1
[March 13, 2024, 11:48:37 AM]


Test, just a test by Gujjar NO1
[March 11, 2024, 12:32:30 PM]


Good morning (first word ki keha) by Gujjar NO1
[February 27, 2024, 01:10:20 AM]


Throw something at the user above u by Gujjar NO1
[February 26, 2024, 01:13:56 PM]


Just two line shayari ... by Gujjar NO1
[February 15, 2024, 10:46:34 AM]


which pj member do u miss ryt now? by ❀¢ιм Gяєωʌℓ ❀
[August 30, 2023, 03:26:27 AM]


Hello Old Friends/Friendayna by ☬🅰🅳🅼🅸🅽☬
[July 07, 2023, 08:01:42 AM]


ਚਿੱਟਾ ਤੇ ਕਾਲ਼ਾ ਆਊਡੀਓਬੂਕ by ਰੂਪ ਢਿੱਲੋਂ
[March 30, 2023, 07:50:56 PM]


@pump_upp - best crypto pumps on telegram ! by J.y.o.T
[February 05, 2023, 01:53:09 PM]


What is the first thing you do, when you wake up in the morning? by Cutter
[January 12, 2023, 08:23:23 AM]


Verifpro.net - paypal, ebay, banks, crypto, docs and more! by J.y.o.T
[January 11, 2023, 02:59:45 PM]


Chita Te Kala Novel Latest Review by ਰੂਪ ਢਿੱਲੋਂ
[September 14, 2022, 07:03:31 PM]


Book Review by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:25:18 PM]


Books, Novels & Stories by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:20:16 PM]


New Book Release: Chita Te Kala Novel by ਰੂਪ ਢਿੱਲੋਂ
[May 19, 2022, 05:06:16 PM]


What Is the Best Compliment You've Ever Received? by mundaxrisky
[October 15, 2018, 07:24:41 PM]


Last textmessage that u received by mundaxrisky
[October 15, 2018, 07:12:26 PM]


name one thing you can't live without ? by mundaxrisky
[October 15, 2018, 07:09:02 PM]