Rediff Logo
 Money
Line
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
Line
Home > Money > PTI > Report
August 7, 2001 		Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      

 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

88 FDI proposals worth Rs 9.80 bn cleared

The government on Tuesday cleared 88 foreign direct investment proposals worth Rs 9.80 billion, including the Rs 3.54 billion Agrani Satellite Services' proposal and another by GDF International for Rs 1.79 billion.

The proposals were cleared by Union Commerce and Industry Minister Murasoli Maran, according to an official statement.

While the Agrani project, launched by Zee Telefilms promoter Subhash Chandra, envisages 74 per cent equity divestment in favour of a foreign partner to own and operate satellite communication systems, the GDF proposal is for restructuring equity.

GDF International has asked for permission to bring FDI for developing, importation and transport projects of liquid fuel natural gas.

Back to top
(c) Copyright 2000 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

Tell us what you think of this report