<h1>CCI Approves Sanlam's Acquisition of 16.12% Stake in Shriram LI Holdings, Expanding Sanlam Group's Insurance Presence.</h1> The Competition Commission of India has approved Sanlam Emerging Markets (Mauritius) Limited's acquisition of a 16.12% shareholding in Shriram LI Holdings Private Limited. Shriram LI Holdings is the promoter and holding company of Shriram Life Insurance Company Limited, in which it holds a 74.56% stake. Sanlam Emerging Markets, a subsidiary of South Africa's Sanlam Limited, is part of the Sanlam Group. The acquisition involves purchasing shares from existing shareholders of Shriram LI Holdings. A detailed order from the CCI is expected to follow.