Department of Economic Affairs disposes three (3) FDI proposals …

S. No

Name of the
applicant

Gist of the
proposal

FDI (Rs.  in crore)

1

Sterling Commerce Solutions India Pvt Ltd

The
applicant being an investing company had sought approval for issue of Shares
to the shareholders of three wholly owned subsidiaries of IBM India Pvt Ltd
upon their merger with the applicant.

24.56

2

Arval India Pvt Ltd

To undertake the activity of
financial lease in addition to the current activity of operating lease.

Nil

S. No

Name of the
applicant

Gist of the
proposal

1

Ivanhoe India
Equities Inc.

To provide investment advisory
services to overseas entities by a yet to be incorporated Indian investee
company.