Other Deals - Listed Firms
Piramal Finance to sell its 14.72% stake in Shriram Life to Sanlam Group for Rs.600-Cr
BSE Announcement Business Line
Piramal Finance, a non-deposit-taking NBFC is to sell its entire 14.72% equity stake in Shriram Life Insurance Company to Sanlam Emerging Markets (Mauritius), a wholly-owned subsidiary of Sanlam Emerging Markets Pty and part of the Sanlam Group, for INR 600 crore. The Sanlam Group is headquartered in South Africa, with operations in over 30 countries.
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