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DFCC Bank, as the ‘Bank for Everyone’ with a legacy of over 65 years in the banking sphere in Sri Lanka, has embarked on an aggressive card issuing and acquiring journey through the use of new technology and innovative solutions, offering convenient payment processing options to cardholders and merchants alike. Accordingly, DFCC Bank offers its […]
Prime Finance PLC, a member of the Prime Group, announced that it raised capital of Rs. 526.68 million following the successful conclusion of its fully subscribed Rights Issue in December 2020. Prime Finance PLC is a Licensed Finance Company by the Monetary Board of Central Bank of Sri Lanka (CBSL) which provides personal and business […]
SLT-MOBITEL, the national ICT solutions provider, celebrated the Thai Pongal festival on of January 13 at the Talawakelle – Great Western Sri Muthu Mari Amman Temple, with a special donation of dry rations to 200 families in Talawakelle. The initiative, a part of the company CSR programme, ensured the distribution of essential items to families […]
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 shareholder...
By Hiran H.Senewiratne Asia Capital PLC (ACAP) recently announced to the CSE that the company had entered into a share purchase agreement to acquire a 70 percent stake of Navara Capital Partners Ltd. (NCPL).Upon acquisition of NCPL, the latter would re-enter and recommence its stock brokering business at a time when capital markets in the country are performing well due to policy certainty prevailing in the current economic landscape of the country, company sources said. The agreement was entered into on Monday. “Navara Capital Partners is currently carrying out business as an invest...