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

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Reuters Delhi, India
Last Updated : Feb 21 2013 | 5:50 PM IST

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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First Published: Feb 21 2013 | 5:39 PM IST

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