Sanlam to Acquire Controlling Stake in Shriram Group's Insurance Business in India

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Sanlam,Shriram Group,Insurance

JSE-listed Sanlam is set to obtain a controlling stake in the Shriram Group’s insurance business in India, increasing its stakes in Shriram General Insurance Co and Shriram Life Insurance Co.

JSE-listed Sanlam is set to obtain a controlling stake in the Shriram Group’s insurance business in India, the SA insurance giant confirmed in a Sens announcement on Friday.

Sanlam’s effective economic shareholding in SGIC will increase from the current 40% to 51% and the effective economic shareholding in SLIC will increase from the current 42% to 54%.

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