FDI proposals of 3 cos cleared
Soft drink major CocaCola's Rs 549 crore proposed investment in its Indian arm was among the 25 FDI proposals totalling 773.52 crore cleared by Finance Minister P Chidambaram on Thursday.
By PTI |
NEW DELHI: Soft drink major CocaCola's Rs 549 crore proposed investment in its Indian arm was among the 25 FDI proposals totalling 773.52 crore cleared by Finance Minister P Chidambaram on Thursday.
Vodafone's plans of picking up upto 49 per cent stake in Bharti for Rs 32.90 crore was also among the major FDI proposals approved by Investment Promotion Board (FIPB) in its meeting held on November 11, according to a Finance Ministry release.
Gujarat State Petronet Ltd will see an inflow of Rs 138 crore from FIIs, NRIs and other foreign investors who have subscribed in its initial public offer.
Rabobank's proposal of picking up 20 per cent stake in Yes Bank for Rs 8.37 crore was also approved.
Gopvernment also gave a green signal to UK-based Mothercare for setting up a wholly-owned subsidiary in India for an investment of Rs 32.25 crore.
The biggest FDI proposal cleared today was of CocaCola South Asia, which will invest Rs 549.36 crore in Hindustan CocaCola.
Vodafone's plans of picking up upto 49 per cent stake in Bharti for Rs 32.90 crore was also among the major FDI proposals approved by Investment Promotion Board (FIPB) in its meeting held on November 11, according to a Finance Ministry release.
Gujarat State Petronet Ltd will see an inflow of Rs 138 crore from FIIs, NRIs and other foreign investors who have subscribed in its initial public offer.
Rabobank's proposal of picking up 20 per cent stake in Yes Bank for Rs 8.37 crore was also approved.
Gopvernment also gave a green signal to UK-based Mothercare for setting up a wholly-owned subsidiary in India for an investment of Rs 32.25 crore.
The biggest FDI proposal cleared today was of CocaCola South Asia, which will invest Rs 549.36 crore in Hindustan CocaCola.
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