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Sanlam picking direct stake in both insurance arms of Shriram

By Anuradha Verma

  • 07 Mar 2016
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Sanlam picking direct stake in both insurance arms of Shriram
Insurance

South African financial services group Sanlam is acquiring additional stake in Chennai-based Shriram group's life and non-life insurance businesses, exercising its contractual option.Sanlam already owns 26 per cent indirect stake in Shriram Life Insurance Company Ltd (SLIC) and Shriram General Insurance Company Ltd (SGIC) through its stake in Shriram Capital. ......

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