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
President calls for religious tolerance among communities to uplift Sri Lanka as a developed nation
-- [16 minutes ago]
Sri Lanka Parliament passes Third Reading of 2017 budget
-- [38 minutes ago]
Sri Lanka Parliament adopts Code of Conduct for members
-- [47 minutes ago]
AkzoNobel sends top Sri Lankan talent to the World Architecture Festival in Berlin
-- [55 minutes ago]
Sysco, world's leading foodservice company to setup captive innovation center in Colombo
-- [1 hour and 15 minutes ago]
Sri Lanka's economy has begun to stabilize - IMF
-- [8 hours ago]
Cannot obtain an Interpol warrant on LeN editor, CID tells court
-- [8 hours ago]
Port and Shipping Minister rejects claims that Prime Minister ordered to dismiss Hambantota Port workers
Sri Lanka Army allocates land free to set up new businesses for victims of Salawa explosion
Government rejects former president's allegations of selling national assets

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.