S.Africa's Sanlam raises stake in Shriram Transport Finance

JOHANNESBURG Thu Feb 21, 2013 5:39pm IST

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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)

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