Archive · 19 Dec 2025
Piramal Finance Sells Stake in Shriram Life Insurance
Piramal Finance is selling its 14.72% share in Shriram Life Insurance to a company called Sanlam for ₹600 crore.
This deal is expected to finish by the end of March 2026, but it needs approval from the insurance regulators in India.
The money from this sale will help Piramal Finance make its financial position stronger.
Sanlam is a big financial services group based in South Africa that operates in many countries.
Shriram Life Insurance only contributed a small amount to Piramal Finance's total income last year.
Piramal Finance is selling its 14.72% stake in Shriram Life Insurance to Sanlam Emerging Markets (Mauritius) Limited for ₹600 crore.
The transaction is expected to close by 31st March 2026, subject to regulatory approvals.
SLIC contributed ₹12.68 crore (0.12% of revenue) to Piramal Finance's FY25 revenue.
Piramal Finance aims to monetize non-core assets and strengthen its balance sheet with the proceeds.
Sanlam Group is a pan-African financial services group headquartered in South Africa, with operations in over 30 countries.
- Who
- Piramal Finance and Sanlam Emerging Markets (Mauritius) Limited
- What
- Sale of 14.72% stake in Shriram Life Insurance Company Ltd
- When
- Expected to close by 31st March 2026
- Where
- India and South Africa
- Why
- To monetize non-core assets and strengthen Piramal Finance's balance sheet
- Stake Sold
- 14.72%
- Buyer
- Sanlam Emerging Markets (Mauritius) Limited
- Purchase Price
- ₹600 crore
- Expected Closing Date
- 31st March 2026
- Regulatory Approval Required
- Insurance Regulatory and Development Authority of India
- SLIC's Contribution to Piramal Finance's FY25 Revenue
- ₹12.68 crore (0.12% of revenue)
- Sanlam Group Headquarters
- South Africa
- Sanlam Group Operations
- Over 30 countries
