<h1>Sanlam Emerging Markets Gains Approval to Acquire 16.12% Stake in Shriram GI Holdings, Expanding Insurance Footprint.</h1> The Competition Commission of India (CCI) has approved the acquisition of a 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. Shriram GI Holdings is the promoter and holding company of Shriram General Insurance Company Limited, with a 66.64% stake in the latter. Sanlam Emerging Markets, a subsidiary of Sanlam Limited from South Africa, is part of the Sanlam Group. The acquisition involves purchasing shares from existing shareholders, and a detailed CCI order is expected to follow.