South Africa's Sanlam Gets Nod To Buy Stake In Shriram Group Firms

New Delhi: South Africa-based financial services firm Sanlam Ltd has received approval of the Competition Commission of India (CCI) to acquire a 23 per cent stake each in two Shriram Group insurance firms. The acquisition will be done through Sanlam Emerging Markets (Mauritius), a group firm of Sanlam Ltd. According to the notice filed by Sanlam Emerging Markets (SEM), it will acquire a 23 per cent stake each in Shriram Life Insura...