Sanlam invests Rs 105 cr for 23 pc stake in Shriram Group's asset management arm

Sanlam taps India AM market through partnership with Shriram AMC

Sanlam taps strategic partnership with Shriram AMC to grow its presence in the Indian asset management market. The post Sanlam taps India AM market through partnership with Shriram AMC appeared first on Investment International.

Sanlam invests Rs 105 cr for 23 pc stake in Shriram Group's asset management arm

Mumbai, May 27 (PTI) South Africa's Sanlam has invested Rs 105 crore for a 23 per cent stake in Shriram Group's asset management arm. The transaction marks the entry of Sanlam, an asset manager having over USD 80 billion under management, into the Indian market. It has an over 2-decade partnership with the Chennai-based diversified financial services group. With the investment, Sanlam becomes a co-promoter in Shriram Asset Management Company (AM…