Business   

NDTV, Shell among 18 FDI proposals cleared

By Our Special Correspondent

NEW DELHI SEPT. 22. The Union Finance Minister, Jaswant Singh, has approved 18 foreign direct investment (FDI) proposals including Standard Chartered Private Equity investment in NDTV and another from Shell International to set up a wholly owned subsidiary in India to manufacture and market specialty grade bitumen.

Of the total Rs. 118.93 crores investment cleared, Standard Chartered Private Equity (Mauritius) proposes to investment Rs. 52.88 crores to pick up 14.35 per cent equity in the news channel NDTV.

Another Rs. 35 crores is to come from the GMR Vasavi Group of Mauritius for restructuring of foreign equity in GMR Power Corporation.

Shell International's investment is Rs. 14 crores in Shell India Private Ltd. for the manufacture and marketing of specialty grade bitumen, including polymer modified bitumen.

Printer friendly page  
Send this article to Friends by E-Mail

Business

News: Front Page | National | Southern States | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts: Classifieds | Employment | Obituary |

Stories in this Section

• Bechtel, GE file arbitration suit
• Enron, a commercial and not political risk
• Tata Steel identifies partners for titanium project
• New legislation for private coal mining proposed
• Rupee scales new high
• Sensex drops 65 points on late selling
• NDTV, Shell among 18 FDI proposals cleared
• Arun Jaitley to inaugurate UPASI conference
• World Bank to decide on $80 m aid for India
• Custodian puts 1.62 cr. ACC shares on block
• J.D. Edwards' global clients not to be affected by acquisition
• Stock Market Index
• Exchange rates
• Bullion rates
• LVB revises FCNR, NRE deposit rates
• 1:1 bonus from Moser Baer
• Natco Pharma to focus on contract research
• Sundaram Mutual to pay 15 p.c.
• Three banks select easitax solution
• Hexaware ties up with IBM

Copyright © 2003, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu