FDI proposals worth USD 3.8 million got cleared
Foreign Direct Investment (FDI) proposals of USD 3.8 million got clearance by Finance ministry. Sterling Commerce Solutions India is approved to issue shares to the shareholders of three wholly-owned subsidiaries of IBM India Pvt Ltd upon their merger with the applicant and Arval India is approved to undertake the activity of financial lease in addition to the current activity of operating lease.
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