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The Ministry of Finance has approved the foreign investment proposal of DP World Global Investment BV, Netherlands to acquire 65 per cent stake in Hindustan Infralog Pvt Ltd. An approval to invest up to ₹3,250 crore has been given for the same, according to an official statement.
A proposal from Alcon Laboratories (India) to undertake financial lease of ophthalmic surgical equipment in India, in addition to the existing business of wholesale trading in India, also got the Ministry’s nod.
An amendment application relating to imposition of minimum capital norms on CVC Asia Pacific (Singapore) was approved.
A proposal from Northvale Capital Partners Pvt Ltd to acquire the non-operational investment holding company, Vadodara Stock Exchange Ltd, a derecognised stock exchange, was returned on the grounds that it was premature.
A proposal seeking post facto approval for the cumulative investments made by Kora Management LP, USA and Kora LLC, USA in Kora Research Advisors India was rejected.
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