Commercial Leasing & Finance PLC acquired 59,581,204 shares (56.34 percent) of BRAC from BRAC Lanka Investments Private Limited at Rs. 9.70 per share.

A mandatory offer will be made for the remaining shareholders.

LOLC Micro Investments Limited, a wholly owned subsidiary of LOLC presently holds 35.02 percent shares of BRAC.

Commercial Leasing & Finance, which is a subsidiary of LOLC says that it has approved working capital financing up to Rs. 1,250 million to BRAC to facilitate repayment of working capital loans obtained by BRAC from the BRAC Group.