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H&M gets government nod to invest $115 mln in India-Reuters

Monday, 2 Dec 2013 08:02am EST 

H & M Hennes & Mauritz AB:H&M has received final approval from India's Foreign Investment Promotion Board (FIPB) to invest 7.2 billion rupees ($115.2 million)-Reuters.The approval will allow the company to set up a wholly-owned subsidiary in India-Reuters.H&M plans to open 50 stores in India-Reuters. 

Company Quote

-0.8 -0.27%
22 Aug 2014