JOHANNESBURG 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
Verizon Communications Inc said it had agreed to buy Yahoo Inc's core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer. Full Article