The proposed transaction involves the acquisition of a minority non-controlling investment by the acquirer.
Xiaomi’s market share in China declined by a fifth in the April-June quarter
The company bought back 11,05,19,266 equity shares at an average price of Rs 747.38 per equity share.
Amazon will make an equity investment in a promoter group firm Future Coupons for a 49 per cent stake.
According to the ministry, the initiatives have been taken in response to requests from innovative technology companies and startups.
The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.
Total income of RCom during the reported period declined to Rs 866 crore from Rs 1,008 crore a year ago.
The company’s core business, ride-hailing, grew revenue only 2 per cent to USD 2.3 billion.
Angry Birds second-quarter operating profit fell 11.3 pc to 5.3 mn Euros (USD 5.94 mn) on sales that were flat at 71.8 million Euros.
The company had reported a profit of Rs 26.46 crore in April-June a year ago.