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Thursday, October 13, 2011

India approves 11 FDI proposals worth 1.83 bln rupee

By: Reuters
Source: http://www.moneycontrol.com

The government has approved eleven foreign direct investment proposals (FDI) worth about 1.83 billion rupees, and deferred nine others, the government said in a statement on Monday.

The central government has also recommended three proposals to the Cabinet Committee on Economic Affairs, including one by Walt Disney Company seeking to raise foreign shareholding to up to 100 percent from 48.02 percent, the statement said.

In July this year, Walt Disney, the largest shareholder in India's UTV Software Communications, proposed to buy most of the shares it does not already own in the company and delist them from all bourses.

Source : http://www.moneycontrol.com/news/wire-news/india-approves-11-fdi-proposals-worth-183-bln-rupees_596516.html

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