Saturday Dec 14, 2024
Saturday Dec 14, 2024
Friday, 26 May 2017 00:00 - - {{hitsCtrl.values.hits}}
DFCC Bank yesterday disclosed that it made a one-off after-tax profit of Rs. 915 million from the sale of a 1% stake in Commercial Bank on Wednesday.
It sold 10 million shares at Rs. 138 each in a deal worth Rs. 1.38 billion.
The buyer was Melstacorp Plc, which previously held a 3.39% stake or 28.65 million shares. DFCC, the largest shareholder in Commercial Bank, held 14.69% as of end March 2017.
