The Ishara Nanayakkara family-led LOLC Group on Wednesday increased its stake in the company, buying over the 30 per cent stake held by Japan’s Orix Corporation, the one-time owners of the company.
In a transaction done on the Colombo Stock Exchange, the deal is worth nearly Rs 13 billion or US$ 85 million dollars.
The Nanayakkara family has increased its stake to 85 per cent from 55 per cent earlier with this transaction while the balance 15 per cent is held by the public. The group is involved in various business sectors with focus on financial markets and micro finance. (DEC)
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.
A garbage tractor driver from Kurunegala has gone viral on social media after adorning his municipal vehicle with teddy bears, fabric flowers, and colourful decorations, many of which were salvaged from the very trash he collects or purchased himself.
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