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Piramal Finance to sell stake in Shriram Life Insurance for ₹600cr
short by Ishita Ranganath / on Friday, 19 December, 2025
Piramal Finance announced that it will be selling the entirety of its 14.72% equity stake in Shriram Life Insurance Company (SLIC) for ₹600 crore to Sanlam Emerging Markets (Mauritius). The transaction is expected to be completed by March 31, 2026 and aims to monetise Piramal's non-core assets and strengthen its balance sheet. SLIC contributed ₹12.68 crore to Piramal in FY2025.
read more at Financial Express