Reuters logo
BRIEF-Santam raises stake in Shriram General Insurance by 23 pct
December 7, 2016 / 10:40 AM / in 10 months

BRIEF-Santam raises stake in Shriram General Insurance by 23 pct

Dec 7 (Reuters) - Santam Ltd

* Increased participation interest in Shriram General Insurance in India

* SEM has increased its stake in Shriram General Insurance Company Limited (“SGI”) by 23 pct

* Transaction increases Santam’s participation interest in SGI from 7.0 pct to 15.1 pct

* Purchase consideration was funded from cash resources and transaction became effective on Dec. 5 2016

* Increased investment in SGI through subscription for a further share of a separate class in SEM for a consideration of 251.35 mln rand Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below