Sanlam is South Africa’s largest asset manager with $80 billion in AUM, and has been in partnership with the Shriram Group over two decades, underscoring India’s rapidly growing asset management industry
Parent Shriram Finance, which is mainly into commercial vehicle financing, owns 84.82 percent in Shriram Housing Finance, while 14.94 percent stake is held by US-based private equity player Valiant Capital Management
The new business premium — includes both individual and group policies which stood at Rs 488 crore during the quarter under review and is up from Rs 207 crore recorded a year ago.
A source at Shriram Properties has indicated that an agreement on the exit of Shriram group from Shriram Properties could happen within a month or so