Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Cargills Bank acquires Capital Alliance Finance stake
Wed, Aug 6, 2014, 12:07 am SL Time, ColomboPage News Desk, Sri Lanka.

Aug 05, Colombo: Sri Lanka's Cargills Bank today acquired a 73.4 percent stake representing over 28.45 million shares of Capital Alliance Finance Plc (CALF).

The ordinary voting shares were acquired at prices ranging from 15.40 rupees to 15.50 rupees per share.

Cargills Bank in a disclosure to the Colombo bourse said in due course, it will make a mandatory offer for the remaining shares of Capital Alliance Finance as required by the Takeovers and Mergers Code.

Capital Alliance Holdings, the controlling shareholder of Capital Alliance Finance, disclosed that it divested 68.43 percent of its issued capital of 26.5 million shares to Cargills Bank at prices ranging from 15.40 rupees to 15.50 rupees per share.

Cargills Bank Limited is licensed by the Central Bank of Sri Lanka as a commercial bank.

ColomboPage - Recent 10 Stories
Sri Lanka aims to reach US$ 12.5 billion export revenue this year
-- [5 hours ago]
Sri Lanka Bar Association requests not to list SC judge accused of assault to hear court cases
-- [5 hours ago]
Sri Lanka upcountry Tamil party to contest under UNP
-- [6 hours ago]
Democratic Party to contest Sri Lanka polls independently unless former president becomes a threat
-- [6 hours ago]
Sri Lanka regulator bans Lanka Rating from issuing credit ratings
Afghan Culture Minister leaves for Sri Lanka
Sri Lanka Election Chief prepares districts secretaries for elections
Sri Lanka's income at Kunming Fair in China surpasses $ 2 million
Former parliamentarian Rukman Senanayake to contest from Kegalle under UNP
Sri Lankan nabbed for attempting to smuggle over Rs. 11 million worth foreign currency

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.