Sanlam raises stakes in Indian insurers
Financial services group gets control of Shriram General Insurance and Shriram Life Insurance
05 April 2024 - 10:10
Financial services group Sanlam has bought a controlling stake in the two Indian businesses in which it first invested in the mid-2000s in a move that it says will deliver strong dividends in the medium to long term.
The group said it had increased its stake in Shriram General Insurance Company from 40.25% to 50.99%, and in Shriram Life Insurance Company from 42.38% to 54.40%...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.