Nation Lanka Finance PLC says 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 representing 1,211,743 ordinary shares at Rs. 6.85 each.

These shares under the first tranche will be listed with the Colombo Stock Exchange upon the necessary requirements.

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, says Nation Lanka Finance PLC.