Metlife plans to raise its stake in Indian venture; acquire stake of IGE, Elpro
MetLife said it had entered into an agreement with IGE India and Elpro International to acquire their combined stake of 15.27% in PNB MetLife India Insurance Company Limited. The deal will boost MetLife's stake in PNB MetLife to more than 47%.
FIDC-led consortium to set up on-tap refinance mechanism non-bank lenders“There is a dire need for an effective refinance mechanism to ensure diversity and greater regularity in sources of funds to NBFCs,” FIDC said in its letter. “We believe that SIDBI is most suited as an institution to provide such a facility to NBFCs for onward lending to MSMEs and other appropriate sectors.”
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