CCI Approves Sanlam Emerging Markets’ Acquisition of 16.12% Stake in Shriram LI Holdings Private Limited

Related Articles

MCX records turnover of Rs.14785 crores in Commodity Futures & Rs.39223 crores in Options

4 hours ago

FATF Commends India on Combatting Illicit Finance

4 hours ago

MoU Signed for Quantum Tech and 5G/6G Excellence

4 hours ago

The Competition Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram LI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited.

The proposed combination envisages the acquisition of 16.12% shareholding in Shriram LI Holdings Private Limited (SLIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders.

SLIH is the promoter and holding company of Shriram Life Insurance Company Limited (SLIC). SLIH has a 74.56% stake in SLIC.

SEMM, incorporated in Mauritius, is a 100% subsidiary of Sanlam Limited, South Africa. It is part of the Sanlam Group.