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 Senkadagala Finance acquires Newest Capital in consolidation move
Thu, Aug 28, 2014, 07:04 pm SL Time, ColomboPage News Desk, Sri Lanka.

Aug 28, Colombo: Senkadagala Finance Company in a stock market disclosure today announced that the company has entered into a Share Purchase Agreement with the Newest Capital.

Senkadagala Finance has acquired 100% percent of the fully paid issued share capital of Newest Capital on August 25th for a sum of Rs. 300 million.

Accordingly, with effect from August 25th Newest Capital has become a fully owned subsidiary company of Senkadagala Finance.

The transaction complies with the Master Plan of Consolidation of the Financial Sector 2014 initiated by the Central Bank and has their approval.

Senkadagala Finance PLC, incorporated in 1968, is a prominent, licensed deposit-taking institution. It currently has 61 branches and service centers across Sri Lanka.

ColomboPage - Recent 10 Stories
Former Sri Lankan President Kumaranatunga to contest if Rajapaksa nominated as SLFP PM candidate
-- [27 minutes ago]
Sri Lanka Election monitor says killing of UNP supporter first election violence
-- [9 hours ago]
Sri Lankan President highlights the need to change the education system
Former Sri Lankan President says she has no intention to grab power
Sri Lanka government party UNP seeks majority at the election
Sri Lanka's extremist Buddhist group to become a decisive factor in politics
Sri Lankan government's assets or resources will not be used for election - Minister
CID to investigate Sri Lanka Supreme Court Judge accused of assaulting a maid
SLFP will not name Rajapaksa as PM candidate, Sri Lankan President affirms
Sri Lanka inflation drops to record low of 0.1% in June 2015

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.