FIPB has given its approval to seven Foreign Direct Investment (FDI) proposals worth Rs 5,240 crore including that of India Advantages S4 I, L&T Finance Holdings and Strugence Debt Fund.

On Friday, the Finance Ministry has said in a statement that “Based on the recommendations of Foreign Investment Promotion Board (FIPB)…the Government has approved seven proposals of FDI amounting to Rs 5,240.35 crore”.

It said that the approval is given based on recommendations of FIPB meeting which was held on November 9, 2015.

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