Saturday , 24 October 2020

Tag Archives: Foreign Investment Promotion Board

Tata-SIA joint venture receives FIPB approval

by Devesh Agarwal Photo © Devesh Agarwal The joint venture of Singapore Airlines (SIA) and Tata Sons, Tata SIA Airlines Ltd., to set up a full service airline, has won approval from India’s Foreign Investment Promotion Board (FIPB). The company has an initial capital outlay of $100 million with Tatas holding 51% and Singapore Airlines holding 49%. Tata-SIA will now …

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Jetihad deal finally clears FIPB, but still has long way to go

by Devesh Agarwal The 24% stake sale by India’s Jet Airways to Abu Dhabi’s Etihad Airways has been finally cleared by India’s Foreign Investment Promotion Board (FIPB), albeit with conditions, after the share holder agreement (SHA) was changed to incorporate the apprehensions of the government of India. One of the conditions imposed by the FIBP requires prior Government approval before …

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Your opinion: Question of the week: Is Jet Airways too financially weak? What should existing investors do?

by Devesh Agarwal Majority of Jet’s A330 fleet parked at New Delhi’s IGI airport In what is not a very uncommon development, The Economic Times reports, India’s financial markets’ watchdog, the Securities Exchange Board of India, better known as SEBI, has written to the Foreign Investment Promotion Board (FIPB), the approver of FDI proposals, expressing concern on the agreement to …

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