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Sanlam Life cuts Shriram Finance stake
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Sanlam Life Insurance Co, part of the promoter group in Shriram Finance, has sold 59.8 lakh shares worth ₹1,426.83 crore on the NSE in a bulk deal Thursday. The company held about 75.37 lakh shares, or 2.01%, stake in Shriram Finance as of December 2023.
The shares were bought by promoter Shriram Value Services at ₹2,386 apiece.
Shares of the company closed 1.1% down at ₹2,360 on Thursday, after declining 3.22% in the last one month.
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