Government on Wednesday said it has cleared seven foreign investment proposals, including that of Hathway Cable and Datacom, totalling over Rs981 crore. The proposals worth Rs981.15 crore have been cleared by the
Finance Ministry following recommendations for the same by the FIPB. Hathway Cable and Data Com ltd has got approval for increasing foreign investment limit for FIIs and FPIs, among others under the portfolio investment scheme from the current 49 per cent of its issued and fully paid up share capital to 74 per cent.