The government has approved 24 foreign direct investment proposals worth Rs.2,727.41 crore, including Rs.1,100 crore investment in power sector by Asian Genco Pte Ltd of Singapore.
NDTV Lifestyle Holdings' proposal to raise Rs.186 crore through induction of foreign equity has also been approved. The company plans to raise the money for uplinking and broadcasting of non-news and current affairs programmes.
Jagran Media Network Pvt. Ltd's plan to raise Rs.225 crore and Kal Media Services Pvt. Ltd's plan to raise Rs.3,96 crore foreign funds have also been approved.
Based on the recommendations of Foreign Investment Promotion Board (FIPB), the government has rejected 12 proposals and deferred 22 proposals, an officials statement said Thursday.
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