NEW DELHI: Digicable Network (India) Pvt Ltd. of Mumbai has been permitted to induct foreign direct investment to the tune of Rs 410 million in a company engaged in transmission through cable network.
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This amounts to FDI investment of 49 per cent. IBS Software Services Private Limited has been permitted transfer of shares up to 6.86 per cent of the equity of the company by way of share swap to acquire a British company. This will not involve any fresh inflow of FDI. |
Singapore based Google Holdings will induct foreign equity by way of subscribing to 30 per cent units of Ventureast Tenet Fund II, a SEBI registered venture capital fund, to the tune of Rs 150 million. All these are part of seventeen FDI proposals cleared by Finance Minister P. Chidambaram after they were recommended by the Foreign Investment Promotion Board (FIPB) in its meeting held on 13 July. The approval amounts to Rs. 5898.511 million. |
