Financial Times

New owners at Lanka Orix Securities


A 4-member team comprising of Rusi Captain, Raj Rajaratnam, Tushan Wickremasinghe and Priyani Ratnagopal are the new owners of stockbrokers Lanka Orix Securities (LOS), a LOS source said.

This comes on the back of Lanka Orix Leasing Company (LOLC) deciding to divest its shareholding of 30% in the company together with the 40% owned by Ishara Traders, which is LOLC owner Ishara Nanayakkara’s family firm.

The source said the new board of directors comprise Maxi Prelis (chairman), Sarath Rajapakse, Mr. Wickremasinghe (Managing Director/CEO) and Ms. Ratnagopal.

Mr. Wickremasinghe, who had a 30% stake earlier in the company has raised it to 50% and is the biggest shareholder. Mr Captain and Mr. Rajaratnam each have 20% in the company while Ms Ratnagopal has 10% .

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