2008-05-29

India okays $193 mln foreign investments

India on Thursday approved 14 foreign direct investment proposals totally worth 8.26 billion rupees ($193 million), including in electrical-products maker Havells India Ltd.


Finance Minister Palaniappan Chidambaram approved the issue of shares and convertible warrants by Havells for 2.78 billion rupees, the government said in a statement.

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