CCI approves acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited

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....CI approves acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited <br>News and Press Release<br>Dated:- 25-7-2024<br><BR>The Competit....

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....ion Commission of India (CCI) has approved the proposed acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited by Sanlam Emerging Markets (Mauritius) Limited. The proposed combinat....

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....ion envisages the acquisition of 16.12% shareholding in Shriram GI Holdings Private Limited (SGIH) by Sanlam Emerging Markets (Mauritius) Limited (SEMM) from its existing shareholders. SGIH is the pr....

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....omoter and holding company of Shriram General Insurance Company Limited (SGIC). SGIH holds 66.64% stake in SGIC. SEMM, incorporated in Mauritius, is a 100% subsidiary of Sanlam Limited, South Africa.....

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.... It is part of the Sanlam Group. Detailed order of the CCI will follow.<BR> News - Press release - PIB....