**Summary of CCI Approval: Acquisition of Shriram Life Insurance Company Shareholding by Sanlam Emerging Markets (Mauritius) Ltd**
**Overview**
On June 10, 2026, the Competition Commission of India (CCI) announced the approval of an acquisition involving Sanlam Emerging Markets (Mauritius) Ltd (SEMM) and Shriram Life Insurance Company Limited (SLIC).
**Transaction Details**
The approved combination involves the acquisition of 2.80% of the expanded equity capital of SLIC. This stake will be acquired by SEMM through a preferential issue.
**Profiles of the Involved Parties**
* **Acquirer: Sanlam Emerging Markets (Mauritius) Ltd (SEMM):** Incorporated in Mauritius, SEMM is a subsidiary of the South Africa-based Sanlam Group. The entity serves as a strategic partner to the Shriram Group and maintains various investments in Shriram Group entities within India.
* **Target: Shriram Life Insurance Company Limited (SLIC):** A life insurance provider registered with the Insurance Regulatory and Development Authority of India (IRDAI). SLIC is engaged in developing, marketing, and servicing life insurance contracts, unit-linked insurance products, and other activities permitted under the Insurance Act, 1938.
**Regulatory Note**
The CCI indicated that a detailed order regarding this approval will be issued subsequently.
**Reference Information**
* **Release ID:** 2271195
* **Date of Announcement:** 10 JUN 2026, 4:55 PM
* **Issuing Authority:** PIB Delhi / Competition Commission of India
* **Visitor Count:** 223
Key Entities Referenced
Competition Commission of India (CCI): The statutory regulatory body responsible for approving combinations and acquisitions to prevent adverse effects on competition in India.
Sanlam Emerging Markets (Mauritius) Ltd. (SEMM): The acquiring entity, part of the South African Sanlam Group, which is set to acquire a 2.80% stake in Shriram Life Insurance Company Limited.
Shriram Life Insurance Company Limited (SLIC): The target life insurance company, registered with IRDAI, whose expanded equity capital is being partially acquired.
Insurance Act, 1938: The primary law governing the life insurance business and regulatory ambit for companies like SLIC in India.
Competition Commission of India
CCI approves acquisition of certain shareholding
in Shriram Life Insurance Company by Sanlam
Emerging Markets (Mauritius) Ltd
प्रव तथ: 10 JUN 2026 4:55PM by PIB Delhi
The Competition Commission of India (CCI) has approved acquisition of certain shareholding in Shriram
Life Insurance Company Limited by Sanlam Emerging Markets (Mauritius) Ltd.
The proposed combination envisages acquisition of 2.80% of the expanded equity capital of Shriram Life
Insurance Company Limited (SLIC) through a preferential issue by Sanlam Emerging Markets
(Mauritius) Ltd. (SEMM).
SEMM, incorporated in Mauritius, is a part of Sanlam Group of South Africa. It is a strategic partner of
Shriram Group and has investment in India in various Shriram Group entities.
SLIC is a life insurance company, registered with IRDAI and engaged in the business of effecting
contracts of insurance upon human life, develop and market a variety of products in the life insurance
business, unit-linked life insurance products, and any other activity within the ambit of provisions of
Insurance Act, 1938.
Detailed order of the Commission will follow.
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NB/ONP
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