Piramal Finance To Sell Shriram Life Stake For Rs 6bn

24 Dec 2025 CW Team

Piramal Finance Ltd has entered into an agreement with Sanlam Emerging Markets (Mauritius) Ltd to sell its entire 14.72 per cent equity stake in Shriram Life Insurance for about Rs 6 billion. Sanlam Emerging Markets (Mauritius) Ltd is part of the Sanlam Group. The transaction is expected to close in the quarter ending 31 March 2026, subject to the receipt of required regulatory approvals, Piramal Finance said in a filing with the NSE.

The company said Shriram Life Insurance contributed Rs 126.8 million to Piramal Finance’s revenue for the year ended 31 March 2025, accounting for 0.12 per cent of total revenue, in the form of dividend income. Piramal Finance said the transaction is in line with its strategy of monetising non-core assets and that it will continue to pursue similar actions for other residual non-core holdings. The proceeds from the sale are expected to further strengthen the company’s balance sheet.

Sanlam Emerging Markets (Mauritius) Ltd is a wholly owned subsidiary of Sanlam Emerging Markets Pty Ltd and forms part of the Sanlam Group, a leading pan-African financial services group headquartered in South Africa with operations across more than 30 countries, including key emerging markets such as India.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..