Shriram Group to infuse Rs 100 cr into insurance arm

Financial services provider Shriram Group would infuse Rs 100 crore into its life insurance arm for making it a pan-India operator within a period of two years, a top official said. The infusion would help fund-recipient Shriram Life Insurance Company enter north-eastern markets, besides consolidating its business in the country, Shriram Group chairman R Thyagarajan said. Over a period of two years, Rs 100 crore will be infused in Shriram Life Insurance, he said. Shriram Life Insurance Company has also entered into a joint venture with South Africa-based insurance firm Sanlam Group, which holds 26 per cent stake in the ...

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