Saturday Aug 01, 2026
Saturday Aug 01, 2026
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Beruwala Resorts PLC has obtained a Rs. 60 million short-term loan from its ultimate parent, The Colombo Fort Land & Building PLC, to meet working capital requirements.
The company said the facility carries an interest rate of the Average Weighted Prime Lending Rate (AWPLR) plus 2%.
Beruwala Resorts said its Related Party Transactions Review Committee had determined that the transaction was conducted on normal commercial terms and was not prejudicial to the interests of the company or its minority shareholders.
