SECTOR
Piramal Finance to exit Shriram Life Insurance Company
Dec-19-2025

Piramal Finance has inked a share purchase agreement with Sanlam Emerging Markets (Mauritius) (SEMM) to sell its entire equity stake of 14.72% held in Shriram Life Insurance Company for a consideration of Rs 600 crore. This Transaction is aligned with the company’s focus on monetizing non-core assets and it will continue doing the same for its other residual non-core assets. The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of requisite regulatory approvals, including approval of the Insurance Regulatory and Development Authority of India.

SEMM is a 100% subsidiary of Sanlam Emerging Markets Pty and is part of the Sanlam Group. The Sanlam Group is a leading pan-African financial services group headquartered in South Africa, with operations in over 30 countries, including key emerging market economies such as India.

Piramal Finance is a non-banking financial company regulated by the Reserve Bank of India. The company provides retail and wholesale financial services including home loans, loan against property, MSME loans, used-vehicle financing, and corporate lending.

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