These were cleared following recommendations made by Foreign Investment Promotion Board (FIPB). Standard Chartered Bank proposal to increase FDI to cent per cent in its equity broking and portfolio management entity to the tune of Rs 205.95 crore was cleared. Asset Reconstruction Company (India) Limited (Arcil) to bring in Rs 272.86 crore to increase FDI from 14.66 per cent to 16.01 per cent too received clearance.
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