Millennium Post

FIPB approval to six FDI proposals worth `551 crore

FIPB has cleared six FDI proposals with estimated investments of Rs 551 crore, including Mauritius-based Destimoney Enterprises' Rs 489.99 crore proposal for subscribing to partly paid equity shares of PNB Housing Finance Ltd.

Amri India Private Limited's Rs 59.95 crore proposal for fresh investment of $10 million from its parent company Albany Molecular Research Mauritius was also approved, the Finance Ministry said in a statement.

The Foreign Investment and Promotion Board (FIPB) has also given its nod for Brunswick India Limited's application  for making 99.99 per cent investment in the capital of a Limited Liability Partnership to be incorporated in India.
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