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ASA Business Bulletin 28/10/2017-03/11/2017
Saturday Nov 4, 2017

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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