On Friday, December 19, 2025, Mumbai-based Piramal Finance announced its decision to sell its entire 14.72% stake in Shriram Life Insurance for ₹600 crore, according to an exchange filing. The company revealed that it would sell this stake to Sanlam Emerging Markets (Mauritius) Ltd. The transaction is expected to be completed by the end of the 2025-26 financial year, pending necessary regulatory approvals.
In the filing, Piramal Finance stated, “The Company has entered into a share purchase agreement today to sell its entire equity stake of 14.72% in Shriram Life Insurance for ₹600 crores to Sanlam Emerging Markets (Mauritius) Limited.”
This divestment is part of Piramal Finance’s strategy to streamline its operations by monetising non-core assets. The proceeds from the sale are expected to strengthen the company’s balance sheet and help refocus on its core business activities.
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