Finance Ministry clears FDI proposals worth Rs.532 crore of Metaffinity Pvt Ltd

The Finance Ministry has approved FDI proposals worth 532 crore rupees of Metaffinity Private Limited.The company had sought approval for foreign investment of up to 49 percent by two foreign investors - M/S Canada pension plan investment board and Pantheon - HK project universe. It will make downstream investment in



Religare Health Insurance company, an Indian company engaged in health insurance business.

The ministry also approved FDI proposal of M/s - SMAS auto leasing India Pvt Ltd to undertake financial lease business in addition to the existing operating lease business.