ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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NICARAGUA-Revolution Imperilled

Indian companies, Escorts and DCM, would now be welcome with his foreign funds, Manmohan Singh was rather guarded and qualified his response by drawing a distinction between establishing a new firm and taking over an existing firm. Will that distinction be kept in mind in regard to other investments from overseas? What if a foreign company wishes to increase its stake in an Indian company from the present 40 per cent or below to 51 per cent? Will that not amount to a take-over of sorts?

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