BPL Cellular gets ADR approval

BPL Cellular has received government approval to increase the level of foreign investment in the company.
July 28, 2000

BPL Cellular, the mobile phone division of India's BPL Group, has received government approval for an Rs8.8 billion ($196 million) ADR issue. The approval was announced by Commerce and Industry Minister Murasoli Maran as part of a general approval of 34 foreign direct investment proposals.

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