Finance Ministry on Monday said that the Rs 10,141-crore proposal of Vodafone to acquire minority stake in its Indian arm has been referred to Cabinet Committee on Economic Affairs (CCEA) for approval. CCEA is headed by the prime minister.

"The proposal of (CGP India Investments) has been recommended for the consideration of CCEA, as the investment involved in the proposal is above Rs 1,200 crore," the Ministry said in a statement.

It said the government has approved five proposals of foreign direct investment (FDI) amounting to Rs 1,133.41 crore.

The Ministry further said that SingTel Global (India) Pvt Ltd has been permission to increase foreign investment from 74 per cent to 100 per cent in telecom sector company. Tikona Digital Networks has got FIPB nod to increase foreign equity upto 72.58 per cent by issuing compulsorily convertible debentures (CCDs) and equity shares to the existing non-resident investors on a rights basis. The company proposes to bring in FDI worth Rs 248 crore.