New Delhi: Indian Information Technology (IT) major Infosys Technologies' proposal to increase its American Depository Shares from 3.5 per cent to between 6.27 and 7.78 per cent was amongst 50 foreign direct investment (FDI) proposals worth Rs 2,229 crore approved by the government on January 27.

The proposals were cleared by Commerce and Industry Minister Arun Shourie on the basis of recommendations made by Foreign Investment Promotion Board (FIPB), an official release said.

PTI