The Department of Economic Affairs, Ministry of Finance disposed…

S. No

Name of the
applicant

Gist of the
proposal

FDI (Rs. in
crore)

1

Wells Fargo
International Finance (India) Pvt Ltd

Approval sought for
issuance of equity shares to M/s Wells Fargo International Finance LLC and
M/s Wells Fargo International banking Corporation for meeting obligations
pertaining to certain pre-operative/pre-incorporation expenses and the
proposed voluntary liquidation of Wells Fargo India.

1.90 crore

 S. No

Name of the
applicant

Gist of the
proposal

1

SBI Macquarie
Infrastructure management Pvt Ltd

Approval sought for
undertaking capital and profit repatriation to shareholders, and to continue
to act as an asset manager and investment advisor without minimum
capitalization norms.