CCI OKs stake buy in Shriram Life by Sanlam Emerging Markets (Mauritius)
This story was originally published at 19:49 IST on 9 June 2026
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--CCI OKs stake buy in Shriram Life by Sanlam Emerging Markets (Mauritius)
NEW DELHI – The Competition Commission of India Tuesday approved the acquisition of 2.80% shareholding in Shriram Life Insurance Co. Ltd. by Sanlam Emerging Markets (Mauritius) Ltd., part of the Sanlam Group of South Africa.
The proposed combination envisages acquisition of 2.80% of the expanded equity capital of Shriram Life Insurance through a preferential issue by Sanlam Emerging Markets (Mauritius). Sanlam Group and Shriram Group are strategic partners and the South African group has investment in India in various Shriram Group entities.
In December, Piramal Finance Ltd. said it would sell its entire 14.72% stake in Shriram Life Insurance Co. Ltd. for INR 6 billion to Sanlam Emerging Markets (Mauritius) Ltd. End
Reported by Shubham Rana
Edited by Avishek Dutta
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