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, China sign 27 agreements to deepen Strategic Cooperative Partnership
-- [48 minutes ago]
Sri Lanka Central Bank enters into a 3-year US$ 1.63 billion currency swap agreement with China bank
-- [1 hour and 36 minutes ago]
Nepal FM to arrive in Sri Lanka to hand over invitation for SAARC summit in Kathmandu
-- [1 hour and 49 minutes ago]
Last phase of Sri Lanka's China-built Norochcholai Power Plant commissioned
-- [2 hours ago]
Seminar on Japanese university education for Sri Lankan students on September 20
-- [3 hours ago]
British Deputy High Commissioner visits Sri Lanka's Eastern Province
-- [4 hours ago]
Fuel, electricity rates reduced in Sri Lanka to appreciate China-Sri Lanka friendship
-- [4 hours ago]
Chinese President calls for profound China-Sri Lanka friendship
-- [5 hours ago]
Sri Lanka arrests Chinese national for attempting to smuggle birds' nests
Sri Lankan President welcomes Chinese President at BIA

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.