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Sanlam Limited's Sanlam Emerging Markets Finalizes Acquisition of 26% in Shriram Capital Limited


Tuesday, 2 Oct 2012 04:35am EDT 

Sanlam Limited announced that through its subsidiary Sanlam Emerging Markets (SEM), the cluster within Sanlam responsible for financial services in emerging markets outside of South Africa, it has finalized a further ZAR 2 billion investment in the Indian financial services group Shriram Capital Limited (SCL). Following the transaction, SEM effectively owns of 26% of SCL. The investment has been funded from Sanlam’s surplus capital. Sanlam’s proposed investment into SCL was first announced in September 2011 and has been subject to a number of conditions and regulatory approvals. These have since all been obtained which allowed for the final conclusion of the transaction. 

Company Quote

6118.5547
-23.0 -0.37%
11 Jul 2014