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Further to para 5 of the Press Release dated May 31, 2013, wherein it was stated that decision of the 2 (Two) proposals will be communicated separately, Government has approved 1 Proposal of Foreign Direct Investment amounting to Rs. 7.00 crore approximately.
Following 1 (One) proposal has been approved.
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Sl. No.
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Name of the applicant
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Particulars of the proposal
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FDI/NRI inflows
(Rs. in crore)
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1
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M/s Hubert BurdaMedia India Pvt. Ltd
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WoS of a foreign company to act as an operating cum investing company and to make downstream investment in an Indian company engaged in printing and publishing of speciality magazines.
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7.00
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2. The following 1 (One) proposal has been deferred:
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Sl. No
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Name of the applicant
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Particulars of the proposal
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1
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M/s Bay Capital Investment Ltd, Mauritius
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Acquisition of shares in a listed Indian Company which is the Core Investment Company of a leading infrastructure developing group of companies.
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