Sanlam Emerging Markets (Mauritius) Ltd. is a 100 per cent subsidiary of Sanlam Emerging Markets Pty (Ltd) and is part of the Sanlam Group.
The transaction is expected to close in the quarter ending 31st March 2026, subject to receipt of requisite regulatory approvals, including approval of the Insurance Regulatory and Development Authority of India, Piramal Finance said in a stock exchange announcement.
The contribution of Shriram Life towards the revenue of the company for the year ended 31st March, 2025, was Rs 12.68 crore (i.e., 0.12 per cent of revenue) in the form of dividend received, Piramal further said.
“This transaction is aligned with our focus on monetizing non-core assets and we will continue doing the same for our other residual non-core assets. The proceeds from the Transaction will further strengthen our balance sheet,” the company further said.
