Piramal Finance Exits Shriram Life for ₹600 Cr
Piramal Finance sells its entire 14.72% stake in Shriram Life Insurance to Sanlam Group for ₹600 crore. Complete details of the strategic exit in Dec 2025.
NEW DELHI- Piramal Finance on Friday announced its decision to divest its entire 14.72% stake in Shriram Life Insurance Company to the South Africa-based Sanlam Group. The deal, valued at ₹600 crore, aligns with Piramal's strategy to monetize non-core assets and streamline its portfolio.
Following the share purchase agreement signed today, the transaction is expected to conclude by March 2026, subject to IRDAI approvals. This exit will further strengthen Piramal’s balance sheet while allowing the Sanlam Group to increase its footprint in the Indian insurance market.
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