Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on May 20, 2011, the central government has approved 16 proposals of Foreign Direct Investment (FDI) amounting to Rs 923.55 crore approximately.
From among them, Global Gourmet Pvt. Ltd, Gujarat, a food processing company, received ex-post facto approval for issue of shares on partly paid basis to undertake processing of all kinds of vegetarian foods / non-vegetarian foods and beverages. The FDI / NRI inflow in this company is going to be Rs 4.8 crore.
Among the 14 proposals that have been deferred is the proposal of Pran Beverages (India) Pvt. Ltd, Kolkata, for induction of foreign equity by a company from Bangladesh. Among the seven that were rejected includes that of Amrit Jal Venture Pvt. Ltd for transfer of shares by way of swapping equity shares in lieu of acquisition of existing investments of foreign collaborator held in the three SPVs
From among them, Global Gourmet Pvt. Ltd, Gujarat, a food processing company, received ex-post facto approval for issue of shares on partly paid basis to undertake processing of all kinds of vegetarian foods / non-vegetarian foods and beverages. The FDI / NRI inflow in this company is going to be Rs 4.8 crore.
Among the 14 proposals that have been deferred is the proposal of Pran Beverages (India) Pvt. Ltd, Kolkata, for induction of foreign equity by a company from Bangladesh. Among the seven that were rejected includes that of Amrit Jal Venture Pvt. Ltd for transfer of shares by way of swapping equity shares in lieu of acquisition of existing investments of foreign collaborator held in the three SPVs
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