FIPB refers Holcim proposal to CCEA for approval

NEW DELHI: The Foreign Investment Promotion Board (FIPB) has referred the Rs 3,400-crore foreign investment proposal of Holcim (India) to the Cabinet Committee on

Published on: Jun 15, 2016, 05:53:34 IST

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NEW DELHI: The Foreign Investment Promotion Board (FIPB) has referred the Rs 3,400-crore foreign investment proposal of Holcim (India) to the Cabinet Committee on Economic Affairs for approval, while deferred the decision on Vodafone’s application for acquisition of You Broadband India. The FIPB approved two FDI proposals involving inflows of ` 2.19 crore, and rejected seven FDI proposals.

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