23 August 2012

Indian Government approves Rs 1,000 crore investment proposal by Walt Disney

23 August 2012 - Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on July 27, 2012, the Government of India has approved ten (10) Proposals of Foreign Direct Investment (FDI) amounting to Rs. 1,259.92 crore approximately. 

This includes the investment proposal of Rs. 1,000 crore by the Walt Disney Company (Southeast Asia) Pte. Ltd. for induction of foreign equity for inter alia expansion of the business and making downstream investment in other companies and subsidiaries of the company, including broadcasting companies. 

Source: Ministry of Finance, India