Date:03/11/2007 URL: http://www.thehindu.com/2007/11/03/stories/2007110356181700.htm

Business

FDI proposals worth Rs. 212 cr. cleared

NEW DELHI: The Central Government on Friday cleared 12 foreign direct investment (FDI) proposals that will bring in Rs. 212 crore, of which the largest chunk will be by U.S.-based Millennium India Acquisition Company. The company will bring in Rs. 159.92 crore of FDI to acquire stakes in two non-banking finance companies.