Date:30/06/2006 URL: http://www.thehindu.com/2006/06/30/stories/2006063004801500.htm

Business - Briefly

Reliance Comm's proposal cleared

NEW DELHI: The Central Government has cleared Reliance Communications' proposal to raise FII stake in the company up to 74 per cent, besides approving 19 other FDI proposals, involving an inflow of Rs. 762.12 crore into the country. The other proposals include Kotak India Real Estate Fund's Rs. 550-crore FDI from Mauritius-based India Real Estate Fund in the units of a scheme of a Venture Capital Fund.