News Life and Health11 Apr 2024

India:South African insurance giant signs deal to increase stakes in life & non-life JVs

| 11 Apr 2024

Africa's largest non-banking financial services group Sanlam, through its wholly owned subsidiary Sanlam Emerging Markets Mauritius, has announced that an agreement has been reached to increase the Sanlam Group's effective shareholdings in two Indian insurance companies. The deal, when completed, will make Sanlam the majority shareholder in both JVs.

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