Govt clears FDI proposals worth Rs 1,827.24 cr

Written By Unknown on Sabtu, 10 Januari 2015 | 21.03

The Finance Ministry today said it has cleared 12 FDI applications, including that of Ratnakar Bank to raise foreign equity limit to 74 percent, entailing total investment of Rs 1,827.24 crore.

The Finance Ministry today said it has cleared 12 FDI applications, including that of Ratnakar Bank to raise foreign equity limit to 74 percent, entailing total investment of Rs 1,827.24 crore. The Rs 10,000-crore capital raising proposal of  HDFC Bank has been refered to the Cabinet Committee on Economic Affairs (CCEA), the ministry said. "Based on the recommendations of Foreign Investment Promotion Board (FIPB)...

Government has approved 12 proposals of foreign direct investment amounting to Rs 1,827.24 crore," it said. Ratnakar Bank has received clearance "for an Initial Public Offer (IPO) of its equity shares to residents, non-residents ... thereby increasing the aggregate foreign investment from the approved 55 percent to 74 percent".

The proposal amounts to Rs 1,150 crore. The 12 foreign direct investment (FDI) proposals were cleared by the FIPB today. HDFC Bank is seeking government's nod for issuance of equity shares totalling Rs 10,000 crore to NRIs/FIIs/FPIs subject to the aggregate foreign shareholding not exceeding 74 per cent of the post issue paid up capital.

FDI proposals involving amount of over Rs 1,200 crore are cleared by CCEA. The other FDI proposals cleared by FIPB include that of Tevapharm India (Rs 422 crore), Novartis Healthcare, and Fresenius Kabi India (Rs 198.8 crore). The FIPB also rejected four proposals and deferred decision on 12.

Among those on which decision has been deferred include that of two Pakistani citizens. Pakistani citizens Maham Nayyar and Sahar Nayyar had approached the FIPB to import finished carpets from Dubai and other countries and trade it in India.

HDFC Bank stock price

On January 09, 2015, HDFC Bank closed at Rs 974.70, up Rs 10.20, or 1.06 percent. The 52-week high of the share was Rs 979.25 and the 52-week low was Rs 618.00.


The company's trailing 12-month (TTM) EPS was at Rs 38.33 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 25.43. The latest book value of the company is Rs 179.87 per share. At current value, the price-to-book value of the company is 5.42.


Anda sedang membaca artikel tentang

Govt clears FDI proposals worth Rs 1,827.24 cr

Dengan url

http://kebugaranhidup.blogspot.com/2015/01/govt-clears-fdi-proposals-worth-rs.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Govt clears FDI proposals worth Rs 1,827.24 cr

namun jangan lupa untuk meletakkan link

Govt clears FDI proposals worth Rs 1,827.24 cr

sebagai sumbernya

0 komentar:

Posting Komentar

techieblogger.com Techie Blogger Techie Blogger