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S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

S Africa’s Sanlam hikes stake in 2 Shriram insurance JVs, TPG to exit insurance cos

by AIP Online Bureau | Apr 5, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

Sanlam has already entered into a share purchase deal to buy 6.29 per cent in Shriram General  Insurance Company (SGIC) and 7.04 per cent in Shriram Life Insurance Company (SLIC) from TPG India Investments, and 4.45 per cent in SGIC and 4.98 per cent in SLIC from the...

TPG backed Insurtech PolicyBoss closes Series B funding

by AIP Online Bureau | Jun 7, 2023 | Briefs

InsurTech PolicyBoss, announced that it has closed its series B round of investment with a consortium of investors’ including India SME Investments and Madhav Mirani, (Ex-Co-founder–Ugam Solutions) and prominent Angel Investor – Jitendra Gupta, amidst continued...

Piramal and TPG plan exit from Shriram General

by AIP Online Bureau | Mar 29, 2023 | Indian News, Non-Life

Shriram Capital is the largest shareholder of Shriram General Insurance Holdings, with a 63.88% stake. Piramal owns about 20%, while TPG has a roughly 9.5% holdings. An employee’s trust holds the remainder Mumbai: Billionaire Ajay Piramal and TPG Inc. are considering...

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