SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

12 FDI proposals worth over Rs 802 crore get govt’s approval

27 Dec 2012 Evaluate

The Central Government, on recommendations of the Foreign Investment Promotion Board (FIPB), has given nod to the twelve Foreign Direct Investment (FDI) proposals, including Ratnakar Bank, envisaging a total inflow of over Rs 802 crore. However, it has rejected the proposals of Mahindra and Mahindra, Coimbatore-based Ampo Valves India and Mumbai-based Berggruen Real Estates.

 According to the statement, Ratnakar Bank’s proposal to increase foreign equity in the bank from 43 per cent to 55 per cent has been approved to bring in Rs 300 crore worth of FDI. FIPB has forwarded the proposal of Swedish furniture major IKEA to the Cabinet Committee on Economic Affairs (CCEA) as the venture entails a foreign investment inflow of over Rs.1,200 crore.

Also Ingka Holding Overseas has given granted permission to undertake single brand retailing of IKEA products by setting up a wholly-owned subsidiary here and Taqa Jyoti Energy Ventures too got green signal to bring in foreign investment of Rs 252 crore.  Hyderabad-based Mylan Laboratories has been permitted to acquire an existing pharmaceutical manufacturing facility and OCS Group Singapore Pte received approval for acquisition of equity shares of an India company engaged in business of detective and protective services are among other major proposals.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×