S.Africa's Sanlam raises stake in Shriram Transport Finance

JOHANNESBURG (Reuters) - South African insurance group Sanlam has acquired a further 3.7 percent in Shriram Transport Finance for nearly 1 billion rand, raising its stake to about 10 percent.

Sanlam already holds stakes in Chennai-based conglomerate Shriram Group's insurance businesses.

(Reporting by Helen Nyambura-Mwaura)