At 207th meeting of Foreign Investment promotion Board (FIPB) on 4, July, 2014, Government of India has approved the fourteen proposals of Foreign Direct Investment (FDI) of cost about 1528.38 crore. The fourteen approvals are:
- 1. M/s Johnson and Johnson Limited proposes to amalgamate with M/s DePuy Medical Private Limited and subsequently allot 326,752 fully paid up equity shares of Rs. 100 each to the shareholders of DMPL
- 2. M/s Global Pharmatech Private Limited is seeking permission to issue and allot 19,68,750 equity shares of Rs. 96 each to M/s PharmaScience Inc. will towards Foreign Direct Investment of US $ 3 million.
- 3. M/s A. Menarini India Private Limited is seeking approval for the issue equity shares to M/s A. Menarini Asia-Pacific Pte Ltd, Singapore, against receipt/ infusion US $15 million.
- 4. M/s Kinedex Healthcare Private Limited, an existing Indian pharma company, is seeking approval for increase foreign equity participation from 10% to 20%.
- 5. M/s Par Formulations Private Limited (PFPL) is seeking approval for expanding its business in India by way of acquiring the entire shareholding in a company
- 6. M/s Open Source Software Solutions LLP has sought approval to transfer capital to M/s Open Source Consulting Group Inc, USA, on a fully repatriable basis upto 97% of its total capital.
- 7. M/s Golden Agri Resources (India) Private Limited, (GAR INDIA) is seeking approval for downstream investment through subscription to FDI Compliant instruments approximately up to of US 80 million.
- 8. M/s FG International (India) LLP, Ahmedabad, Approval has been sought by M/s FG International (India) LLP, Ahmedabad for foreign contribution of Rs. 1 Crore comprising 90% stake by M/s ForeverGreen International LLC, USA.
- 9. M/s LeibherrCMCTec India Private Limited, Maharashtra, Approval has been sought by M/s Liebherr-CMCtec India Private Limited to issue 3,89,864 equity shares of Rs.10 each of the company amounting to
- 10. M/s Samtel Thales Avionics Limited, An Indian company, M/s Samtel Thales Avionics Limited, engaged in Defence Sector proposes to expand its business activities in the same sector.
- 11. M/s Security and Intelligence Services (India) Limited., Approval to M/s Security and Intelligence Services (India) Limited to issue 20,000 equity shares under ESOP to employees of its overseas subsidiary namely M/s SIS International Holdings Limited (SIHL).
- 12. M/s Sinclairs Hotels Limited, Kolkata, M/s Sinclairs Hotels Limited, Kolkata has sought post-facto approval for 24,00,116 warrants issued by the company in 2007 to three Mauritius based Companies which were converted into 24,00,116 equity shares by April 2009.
- 13. M/s ACME Solar Energy Pvt. Ltd., Gurgaon, M/s ACME Solar Energy Pvt. Ltd., Gurgaon, an investment holding company engaged in solar power business, is seeking approval for NR to NR transfer of shares and to increase foreign investment from 50% to upto 76%.
- 14. M/s Laurus Labs Private Limited (Formerly known as M/s AptuitLaurus Private Limited), A Brownfield pharma company is seeking approval for additional FDI and NR-NR transfer by subscription and transfer of CCPS.
