S.Africa's Sanlam raises stake in Shriram Transport Finance
JOHANNESBURG (Reuters) - South African insurance group Sanlam (SLMJ.J) has acquired a further 3.7 percent in Shriram Transport Finance (SRTR.NS) for nearly 1 billion rand, raising its stake to about 10 percent.
Sanlam already holds stakes in Chennai-based conglomerate Shriram Group's insurance businesses.
(Reporting by Helen Nyambura-Mwaura)
Trending On Reuters
Prime Minister Narendra Modi has asked for a drastic cutback of an ambitious health care plan after cost estimates came in at $18.5 billion over five years, several government sources said, delaying a promise made in his election manifesto. Full Article