Piramal Finance to sell 14.72% stake in Shriram Life to Sanlam

Piramal Finance has signed an statement to offload its 14.72% equity involvement successful Shriram Life Insurance to Sanlam Emerging Markets (Mauritius), a portion of South Africa-based Sanlam Group, for astir Rs6bn ($66.5m).

The involvement merchantability is taxable to regulatory approvals, including India’s Insurance Regulatory and Development Authority. It is anticipated to reason by the 4th ending 31 March 2026.

“This transaction is aligned with our absorption connected monetising non-core assets and we volition proceed doing the aforesaid for our different residual non-core assets. The proceeds from the transaction volition further fortify our equilibrium sheet,” Piramal said successful a connection to the National Stock Exchange (NSE).

Shriram Life Insurance is operated arsenic a associated task betwixt Shriram Capital and Sanlam Group.

Shriram Life recorded a 17% summation successful idiosyncratic caller concern premium for the archetypal fractional of fiscal twelvemonth 2026, reaching RS6.35bn. This compares to an 8% maturation complaint for the wide sector, reported section paper Mint.

Once Piramal Finance’s divestment is completed, Sanlam’s involvement successful Shriram Life Insurance volition scope astir 38%, according to the publication.

Shriram Life Insurance contributed Rs126.8m successful dividends to Piramal Finance for the fiscal twelvemonth ending 31 March 2025, which represented astir 0.12% of Piramal Finance’s full revenue.

Sanlam Emerging Markets (Mauritius) is afloat owned by Sanlam Emerging Markets and forms portion of the larger Sanlam Group.

The ownership is not connected to the company’s promoters, promoter group, oregon immoderate affiliated entities.

Sanlam Group provides fiscal services crossed much than 30 countries, with its main offices successful South Africa and operations successful respective processing economies including India.

"Piramal Finance to merchantability 14.72% involvement successful Shriram Life to Sanlam " was primitively created and published by Life Insurance International, a GlobalData owned brand.

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