Piramal Group, which holds stakes in Shriram’s insurance businesses, is neither actively looking to exit nor in a rush to do so and will take a call as things unfold, says Subhasri Sriram
Upon completion of transaction, Sanlam's effective economic shareholding in SGIC will increase from 40.25 percent to 50.99 percent, and in SLIC from 42.38 percent to 54.40 percent
Kunj Bansal, CIO of Sanlam has a positive view on Bharat Petroleum Corporation. In the technology space, one may get Tech Mahindra and Persistent Systems at attractive valuations as their earnings will go up given the fact that US economy is doing well," he adds.
Telecom giant Bharti Airtel today said it has entered into a strategic cooperation agreement with South African financial services group, Sanlam, for the distribution of insurance and health funding products.