New Delhi, Aug 21 (UNI) ICICI Bank today got government approval for 24 per cent foreign direct investment (FDI) worth Rs 210 crore in its proposed holding company to run insurance business in the country.
A total of 20 FDI proposals entailing investment of Rs 1.078.65 crores cleared by Union Finance Ministry on the recommendations of Foreign Investment Promotion Board (FIPB) also include permission to Standard Chartered Bank to acquire 49 per cent stake in UTI Securities at a cost of Rs 14.70 crores.
Three Kuwaiti and one Mauritius companies have been allowed to buy five per cent equity each valued at Rs 10.61 crore each in Delhi Stock Exchange as part of the government policy to make such exchanges listed public companies. Bombay Stock Exchange, too, has become a listed company as per the new policy and had similarly divested its equity, including to foreign companies.
Largest FDI clearance was given to Blackstone GPV Capital Partners Mauritius V-B Ltd which got the permission to invest Rs 447.20 crores in SKR BPO Services, co-owned by Blackstone GVP Capital and Intelenet, an official statement said this evening.
UNI
A total of 20 FDI proposals entailing investment of Rs 1.078.65 crores cleared by Union Finance Ministry on the recommendations of Foreign Investment Promotion Board (FIPB) also include permission to Standard Chartered Bank to acquire 49 per cent stake in UTI Securities at a cost of Rs 14.70 crores.
Three Kuwaiti and one Mauritius companies have been allowed to buy five per cent equity each valued at Rs 10.61 crore each in Delhi Stock Exchange as part of the government policy to make such exchanges listed public companies. Bombay Stock Exchange, too, has become a listed company as per the new policy and had similarly divested its equity, including to foreign companies.
Largest FDI clearance was given to Blackstone GPV Capital Partners Mauritius V-B Ltd which got the permission to invest Rs 447.20 crores in SKR BPO Services, co-owned by Blackstone GVP Capital and Intelenet, an official statement said this evening.
UNI
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