Govt clears 9 FDI proposals worth Rs 1,140 crore
PTI: New Delhi, Feb 27 2013, 22:10 IST
instruments to an Indian company and other foreign investors to undertake telecom services.
Hindustan Coca-Cola Holdings is seeking FIPB's nod to extend the tenor of the investments made downstream by way of redeemable preference shares and approval for FDI inducted in the holding company during 2010-2011.
It further said that the Board rejected the proposal of Mumbai-based Yorkshire India. It had sought nod for induction of foreign equity for business of importing, exporting, buying, selling and distribution of Chemicals, biotech and allied industrial products on B2B basis.
Also, application of Equitas Holdings to increase in FDI percentage in a investing company by way of transfer of shares has been rejected.
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