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ABG Shipyard, Reliance Broadcast get FDI nod

ABG Shipyard, Reliance Broadcast get FDI nod
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First Published: Wed, Feb 23 2011. 07 04 PM IST
Updated: Wed, Feb 23 2011. 07 04 PM IST
Mumbai: Shipbuilding firm ABG Shipyard has received approval to foray into defence-related contracts, a government statement said on Wednesday.
The government has approved 19 foreign direct investment (FDI) proposals worth more than Rs1300 crore, it added.
It has also approved a proposal by Reliance Broadcast Network to allow foreign investment worth nearly Rs45.5 crore through fresh allotment by private placement or through stock exchanges, upto 20% of its total equity.
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First Published: Wed, Feb 23 2011. 07 04 PM IST