<ul><li>The Competition Commission of India (CCI) has approved the stake acquisition of Shriram Asset Management Co by Sanlam Emerging Market (Mauritius) Ltd and Shriram Credit Company.</li><li>Sanlam Emerging Market (Mauritius) Ltd is set to acquire 23% of the expanded voting share capital of Shriram Asset Management Co via preferential allotment.</li><li>In addition to the preferential allotment, Sanlam Emerging Market (Mauritius) Ltd and Shriram Credit Company have received approval for acquiring up to 26% shareholding of Shriram Asset Management Co from the public.</li><li>Shriram Asset Management Co is a part of the Shriram Group and is engaged in the asset management business.</li></ul>

CCI Approves Sanlam, Shriram Credit's Stake Acquisition In Shriram AMC

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