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

Source : REUTERS
Last Updated: Thu, Feb 21, 2013 12:32 hrs

JOHANNESBURG (Reuters) - South African insurance group Sanlam has acquired a further 3.7 percent in Shriram Transport Finance 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)


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