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

Source : REUTERS
Last Updated: Fri, Feb 22, 2013 19:00 hrs

JOHANNESBURG, Feb 21 (Reuters) - South African insurance group Sanlam has acquired a further 3.7 percent in Indian company Shriram Transport Finance for nearly 1 billion rand ($113 million), raising its stake to about 10 percent.

Sanlam already holds stakes in Chennai-based conglomerate Shriram Group's insurance businesses. ($1 = 8.8780 South African rand) (Reporting by Helen Nyambura-Mwaura)


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