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

JOHANNESBURG Thu Feb 21, 2013 7:05am EST

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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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