Ministry of Finance
Department of Economic Affairs, Ministry of Finance disposed of two FDI proposals involving foreign investment worth Rs. 532 crore in December, 2017.
Posted On:
04 JAN 2018 10:42AM by PIB Delhi
During the month of December 2017, the Department of Economic Affairs (DEA), Ministry of Finance has disposed of two FDI proposals involving foreign investment of Rs. 532 crore.
Details are as follows:
The following two (02) proposals have been approved:
|
S. No
|
Name of the applicant
|
Gist of the proposal
|
FDI (Rs. in crore)
|
|
1
|
M/s Metaffinity Pvt Ltd (4520)
|
Approval sought for foreign investment of upto 49% in the form of non-voting equity shares by two foreign investors, viz. M/s Canada Pension Plan Investment Board and M/s Pantheon-HK Project Universe, LP, in Metaffinity Private Limited, an investment holding company, which will make downstream investment in Religare Health Insurance Company Limited, an Indian company engaged in health insurance business.
|
532.00
(approx.)
|
|
2
|
M/s SMAS Auto Leasing India Pvt Ltd
|
To undertake financial lease business in addition to the existing operating lease business.
|
Nil
|
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