Arval to undertake financial leasing
The Department of Economic Affairs has cleared Foreign Direct Investment (FDI) of Rs.24.56 crore in October 2017.
It has given approval to Sterling Commerce Solutions India Pvt Ltd to issue shares following its merger with three units of IBM India Pvt Ltd.
The department has also given approval to Arval India Pvt Ltd to undertake the activity of financial lease in addition to the current activity of operating lease.
Arval’s investment value was not listed in the approval. fii-news.com