Government on Friday approved 22 foreign direct investment proposals entailing an inflow of Rs 511.5 crore (Rs 5.11 billion), including that of World Bank's private sector arm IFC and global private equity player Goldman Sachs.
International Finance Corporation will take up 18 per cent stake in domestic stocks and commodities brokerage firm Angel Infin Pvt Ltd for Rs 152 crore. US-based Goldman Sachs and Australia's Macquarie will pick 40 per cent stake in PTC India Financial Services Ltd, a non-banking financial arm of power trading firm PTC India Ltd, for Rs 155.74 crore (Rs 1.55 billion).
The proposals were cleared by Finance Minister P Chidambaram on the recommendations of Foreign Investment