Senkadagala Finance PLC has entered into a share purchase agreement with Newest Capital Limited to acquire 100 percent of the fully paid issued share capital for Rs. 300 million.

Accordingly, from 25 August 2014, Newest Capital is a fully owned subsidiary of Senkadagala Finance PLC.

This is under the Master Plan for the Consolidation of the Financial Sector 2014 initiated by the Central Bank of Sri Lanka.