Comments
The Government has approved six proposals for Foreign Direct Investment (FDI) amounting to Rs 1,810.25 crore—the largest from IIFL Holdings Ltd.
Other proposals that got a nod from the Finance Ministry following recommendations made by the Foreign Investment Promotion Board include US-based Monsoon Capital LLC, Sharekhan Ltd, Agile Electric Sub-assembly Pvt Ltd, Serap India Pvt. Ltd and SeQuent Scientific Ltd, according to an official release.
Value-wise, IIFL Holdings’ proposal was the largest, as the NBFC seeks to increase the foreign equity from 50.16 per cent to 80 per cent by way of issuing shares to FIIs.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.