Piramal Finance Limited has entered into a share purchase agreement to sell its entire 14.72% equity stake in Shriram Life Insurance Company Ltd (SLIC) for a consideration of ₹600 crore. The transaction is expected to close in the quarter ending March 31, 2026, subject to regulatory approvals, including from the Insurance Regulatory and Development Authority of India. For the year ended March 31, 2025, SLIC contributed ₹12.68 crore (0.12% of revenue) to Piramal Finance in the form of dividends. This divestment is in line with Piramal Finance's strategy to monetize non-core assets, with the proceeds expected to strengthen its balance sheet. The buyer, Sanlam Emerging Markets (Mauritius) Limited (SEMM), is a subsidiary of the Sanlam Group, a pan-African financial services group. This transaction is not considered a related party transaction.