Department of Economic Affairs, Ministry of Finance disposed of two FDI proposals involving foreign investment worth ₹ 532 crore in December, 2017

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