Financial Daily from THE HINDU group of publications
Wednesday, May 21, 2003
Financial Daily from THE HINDU group of publications Wednesday, May 21, 2003 |
|
|
|
|
|
Home Page
-
Foreign Direct Investment Industry & Economy - Foreign Direct Investment Deutsche Asia among FDI plans cleared Our Bureau
NEW DELHI, May 20 DEUTSCHE Asia Pacific Holdings Pte Ltd's proposal to set up a subsidiary company for stock broking activities in India with 74 per cent foreign equity involving foreign direct investment (FDI) worth Rs 24 crore was among the FDI proposals cleared by the Finance Minister on Tuesday. A total of 21 proposals involving FDI worth Rs 93.26 crore were cleared by the Minister. The Singapore-based Thomson Multimedia Asia Pte Ltd's plan to increase its holding in its Indian subsidiary Thomson Multimedia India Pvt Ltd from 86 per cent to 89.11 per cent involving FDI worth Rs 20 crore has also been cleared by the Minister. Patni Computer Systems Ltd's plan to transfer shares held by resident shareholders and OCBs to non-residents involving FDI worth Rs 30.63 crore too has been approved by the Minister. General Motors Acceptance Corporation's plan to provide fleet management, leasing and financing involving FDI worth Rs 9.56 crore has also been okayed by the Minister. He also approved the Mauritius-based South Asia Ports Ltd's plan to increase its holding in Nava Seva International Container Terminal in Mumbai involving FDI worth Rs 6.97 crore.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|