Cargills Bank Limited has made a Mandatory Offer to purchase all the remaining ordinary shares of Capital Alliance Finance PLC. Cargills Bank Limited purchased a further 81,993 ordinary shares Capital Alliance Finance constituting approximately 0.21 percent at Rs. 15.50 per share. Accordingly, Cargills Bank Limited currently holds a total of 28,531,961 shares of Capital Alliance…
The Colombo Stock Exchange (CSE) has decided to suspend the share transactions of both Adams Investments Limited and PC Pharma PLC till an explanation is provided regarding the sale of 31 million shares of PC Pharma by Adams Investments Limited even while a Mandatory Offer is in force for the PC Pharma shares. Commenting on…
First half indicates solid financial performance Revenue of LKR 16.7 billion, with a revenue growth of 9.1% (YoY) Renovates the nutritional profile of Maggi Classic noodles range to include Vitamin A fortification Nestlé Professional revolutionizes the premium coffee solutions market with the launch of Nescafé Alegria Nestlé Lanka PLC, Sri Lanka’s leading Nutrition, Health…
Adams Investments Limited sold 31,463,746 which is 36 percent shares of PC Pharma PLC today (07 August) at prices ranging from Rs. 2.10 to Rs. 2.90 per share.
Colombo stock market end on positive note as core index witnessed second best gain recorded in a single session during the year. Investors were optimistic on equities during the day amid decreasing yields in fixed income securities. ASI gained 74.92 index points or 1.1% to end at 6,908.18 while 20-scrip S&P SL index gained 37.24…
Updated: The Touchwood Investments PLC liquidation case was called before the Commercial High Court in Colombo today (07 August) and the lawyers appearing on behalf of the company’s Chairman/Chief Executive Officer Lanka Wijendra Kiwulegedera requested for further time till 25 August 2014 to submit the book of accounts and details of the assets and liabilities…
A data privacy campaigner has signed up 25,000 people to a “class action lawsuit” being taken against Facebook. Max Schrems alleges that the way the social network monitors its members’ activity on and off the site puts it in breach of EU laws. As part of the claim, he also alleges that the company co-operated…
The DFCC Bank Debenture Issue has been oversubscribed and hence will close at 4.30 pm today (07 August). The issue is for 30 million Senior, Unsecured, Redeemable, Rated Debentures of DFCC Bank at Rs. 100.00 each with the option to issue up to 20 million debentures in the event of an oversubscription. Subscriptions have been…
Maruti Suzuki, the country’s largest car maker is reportedly gearing up to launch its new Swift facelift in India in November this year, according to reports. If you are planning to buy a hatchback, we suggest you to wait for few more months as the auto market in India is getting ready to welcome new…
Colombo shares regained the lost ground on Wednesday as both indices closed with positive returns. Benchmark All Share Price index closed at a 34-month high of 6,833.26 with a gain of 17.84 points or 0.26%. S&P SL 20 index gained 9.76 points or 0.26% to end at 3,752.79. Price increases in counters such as Union…
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