| The proposal of Cyprus-based Dunbay to acquire additional 5 per cent stake in the Delhi Stock Exchange for Rs 10.61 crore has also been approved by the Foreign Investment Promotion Board (FIPB). |
| GBN, which is a part of media group Network18, runs English news channel CNN-IBN. It had raised around Rs 105 crore from the capital market with an initial public offer (IPO) early this year. |
| The company also has a 50:50 joint venture with US based Viacom group, called Viacom 18 Media, to enter the general entertainment channel segment. |
| The FIPB also gave its approval to the UK-based Middlesborough Oils to invest Rs 200 crore to set up a subsidiary to undertake extraction of crude Jatropha oil from Jatropha seeds. Daimler Chrysler of Germany has also been allowed to set up a joint venture company to undertake building of buses. |
| Japanese company Mitsui & Co has been allowed to issue shares in lieu of transfer of liaison office to set up a subsidiary to undertake cash and carry business. |
| The Board also approved the Netherlands-based Publicis Groupe Holding's proposal to acquire 100 per cent in an Indian company engaged in public relation and advertising. |
| However, a decision on BAG Films' proposals to induct investment through FDI and foreign currency convertible bonds (FCCBs) was deferred. |
| Canada-based Nortel Networks, which had approached to induct foreign equity, was also asked to follow the automatic route. |
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