S.Africa's Sanlam to spend $52 mln to raise India insurance stake

JOHANNESBURG, Sept 4 (Reuters) - Sanlam Ltd, South Africa's largest insurer by market value, plans to spend up to 550 million rand ($52 million) to increase its stake in the insurance arm of India's Shriram Group to 49 percent by the end of the year, its chief executive said on Thursday. Read Full Story