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Foreign equity in Delphi to rise
ENS ECONOMIC BUREAU
NEW DELHI, May 16: Delphi Automotive Systems, part of the US-based General Motors Corporation, has got the government's clearance to inject fresh foreign equity of Rs 152.50 crore. The company's paid up capital will more than double to Rs 285 crore from the present Rs 132.50 crore. The proposal has been approved by the Foreign Investment Promotion Board. Delphi will remain a 100 per cent foreign owned company. Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.
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