Shriram group to divest 20% in Shriram Capital to Sanlam

 

Shriram group plans to divest around 20 percent in its financial services business holding company, Shriram Capital, for around Rs 900 crore ($200 million) in favour of South African insurance group Sanlam.Shriram Capital is the holding company for the group companies involved in the financial services like Shriram Life Insurance , Shriram General Insurance , Shriram Transport .

 

Source:

http://economictimes.indiatimes.com