FIPB clears seven FDI proposals worth Rs.5,240 cr

December 13, 2015 12:00 am | Updated March 24, 2016 03:26 pm IST - NEW DELHI:

“Based on the recommendations of Foreign Investment Promotion Board (FIPB)..., the Government has approved seven proposals of FDI amounting to Rs.5,240.35 crore”, a Finance Ministry statement said on Friday.

FDI approval to India Advantage Fund S4 I, an alternate investment fund, will bring in Rs.2,950 crore of foreign capital.

Paragon Partners Growth Fund will bring in foreign money to the tune of Rs.985 crore. Other proposals include L&T Finance Holdings (Rs.707 crore) and Extramarks Education India (Rs.403.15 crore). — PTI

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