Sanlam invests Rs 105 cr for 23% stake in Shriram Group's asset management arm

Sanlam, a major asset manager, has entered the Indian market by investing Rs 105 crore for a 23% stake in Shriram Asset Management Company (AMC). This investment makes Sanlam a co-promoter alongside Shriram Credit Company. The capital infusion will be used to expand Shriram AMC's offerings and attract talent.