https://www.taxtmi.com/news?id=19313 The Department of Economic Affairs approved a foreign investment allowing two foreign investors to acquire up to 49% of Metaffinity Private Limited through non-voting equity shares, enabling Metaffinity to make a downstream investment into Religare Health Insurance Company Limited (investment indicated as approximately Rs. 532 crore). Separately, M/s SMAS Auto Leasing India Pvt Ltd was authorised to undertake financial lease business in addition to operating lease business; that proposal did not involve foreign investment in the disclosed record. en-us Thu, 04 Jan 2018 12:18:38 +0530 Thu, 04 Jan 2018 12:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19313 The Department of Economic Affairs approved a foreign investment allowing two foreign investors to acquire up to 49% of Metaffinity Private Limited through non-voting equity shares, enabling Metaffinity to make a downstream investment into Religare Health Insurance Company Limited (investment indicated as approximately Rs. 532 crore). Separately, M/s SMAS Auto Leasing India Pvt Ltd was authorised to undertake financial lease business in addition to operating lease business; that proposal did not involve foreign investment in the disclosed record. News - Thu, 04 Jan 2018 12:18:38 +0530 https://www.taxtmi.com/news?id=19313