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By Hiran H.Senewiratne Industry giant LB Finance PLC recently acquired a 65 per cent stake in loss- incurring Multi Finance PLC at Rs. 400 million, market analysts said. It bought 41.11 million shares or a 64.62 per cent stake, with 28.78 million shares being bought at Rs. 9.70 each and 12.32 million shares being purchased […] ....
LOLC reclaims the crown as Most Valuable Stock island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
M Power Capital marks 7th Anniversary island.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from island.lk Daily Mail and Mail on Sunday newspapers.
By Hiran H.Senewiratne Two leading CSE listed companies, Associated Motor Finance Company Plc and Arpico Finance will go for a merger soon. The merger deal is expected to be completed by 31st March 2021. The Central Bank of Sri Lanka has given the approval to go ahead with the programme, stock market analysts said. With the merger the surviving company would be Associated Motor Finance company. At present 444897 shares of Arpico Finance with the public, which accounts 5.98 percent of the total issued shares by the company. Once the merger is completed Arpico Finance company shareholders will receive 76 shares of Associated Motor Finance Company for every 100 shares of Arpico Finance, stock market sources said. ....