2025-12-21 05:00:03 pm | Source: PR Agency
Piramal Finance to Monetize Rs 600 Cr from Shriram Life Insurance Stake
Piramal Finance today announced that it has entered into an agreement with an entity of the Sanlam Group to sell its entire 14.72% equity stake in Shriram Life Insurance (SLI). The transaction values Piramal Finance’s stake at approximately Rs 600 crore.
The transaction is expected to close in the quarter ending 31 March 2026, subject to requisite regulatory approvals.
The company remains focused on monetising its remaining non-core assets, in line with its strategy to strengthen and further streamline its balance sheet.
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