Browns Investments PLC says that it has sold 11,988,208 non-voting shares (entire shareholdings) held in Seylan Bank to Lanka Orix Leasing Company PLC for Rupees 479,928,320.

Browns Investments is a subsidiary of the LOLC group with the following as the common directors: I.C. Nanayakkara - Executive Chairman/Executive Director Browns Investments PLC and Deputy Chairman LOLC; W.D.K. Jayawardena – Director, Browns Investments PLC and Group Managing Director & CEO, LOLC and Mrs. K.U. Amarasinghe, Director Browns Investments PLC and Executive Director, LOLC.