India Agri Business Fund has invested R50Cr in Hyderabad-based Super Agri Seeds Pvt. Ltd. Super Agri Seeds will use the funds to finance its expansion and set up Research and development centres in Hyderabad and in Bangalore.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.