M&A M&A
South African Sanlam Group’s stake acquisition in Shriram Life gets CCI nod
The Competition Commission of India (CCI) has approved the proposal from South Africa-based Sanlam Group to acquire a stake in Shriram Life Insurance .The transaction involves Sanlam Emerging Markets (Mauritius), a subsidiary of the Sanlam Group, acquiring 2.80% of the expanded equity capital of Shriram Life Insurance through a preferential issue.