labels: economy - general, governance
Government clears 24 FDI proposalsnews
Our Economy Bureau
19 February 2005

New Delhi: A total of 24 proposals involving FDI worth Rs158.82 crore were cleared by finance minister P Chidambaram, yesterday.

The ADR / GDR offering proposed by ICICI Bank for issue of sponsored offering of ADRs against existing shares involving FDI worth Rs44.45 crore was among those approved by the minister.

Colgate-Palmolive Asia Pte''s plan to acquire approximately 20 per cent stake in Colgate-Palmolive India Ltd from its New York-based parent company, Colgate Palmolive, involving FDI worth Rs27.20 crore has also been approved.

Boston-based International Data Group''s proposal to set up a wholly-owned subsidiary for printing and publishing technical magazines involving FDI worth Rs13.13 crore has also received the go ahead from the government.

 


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Government clears 24 FDI proposals