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::

* First tranche of Luxembourg's GEM Global Yield Fund invested in Nation Lanka Finance
Fri, Aug 15, 2014, 08:55 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 15, Colombo: Luxembourg based GEM Global Yield Fund has remitted its first tranche of a Rs. 1.4 billion investment in Sri Lanka's Nation Lanka Finance (NLF) PLC.

Nation Lanka Finance said in a stock market disclosure today that according to an agreement reached the Luxembourg registered company, GEM Global Yield Fund LLC SCS, with its registered office at 412F, Route d'Esch, L-2086 Luxembourg has remitted to the company via SIA, the first tranche of investment based on the formula agreed upon, amounting to Rs. 8,300,440.

The investment represents 1,211,743 ordinary shares at Rs. 6.85 each.

These shares under the first tranche will be listed with the Colombo Stock Exchange (CSE) subject to the compliance of statutory requirements and upon the NLF submitting the declaration to the CSE.

This is the first tranche of investment made by GEM Global Yield Fund and further tranches of investments up to Rs. 700 million by way of private placements are expected in due course, Nation Lanka Finance PLC says.

ColomboPage - Recent 10 Stories
Sri Lanka loses right to hold Asian Youth Games 2017
-- [47 minutes ago]
Committee to probe corruption at Sri Lanka port ministry
-- [1 hour and 9 minutes ago]
Sri Lankan government allocates over Rs. 400 million to set up IT labs in schools
-- [1 hour and 27 minutes ago]
Sri Lankan President orders to ban import of glyphosate with immediate effect
-- [3 hours ago]
Senior officers of Sri Lanka police transferred over violence in Jaffna
-- [4 hours ago]
Sri Lankan government cautions people over disinformation campaigns
-- [4 hours ago]
Pakistan, Sri Lanka friendship has centuries old civilizational roots: Envoy
-- [5 hours ago]
Sri Lanka's Hayleys records 32% increase in profits after tax for 2014/15
Sri Lanka takes measures to get the EU ban on fishery products lifted
Lawyers in Northern Sri Lanka on strike to protest attack on Jaffna court complex

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.