Nation Lanka Finance sells control of subsidiary for Rs. 31.5 m

Thursday, 2 October 2014 01:04 - - {{hitsCtrl.values.hits}}

Nation Lanka Finance Plc said yesterday that it has sold a 75% stake in subsidiary Nation Lanka Capital Ltd., for Rs. 31.5 million to Protege Investment Ltd. The stake amounting to three million shares was sold at Rs. 10.50 each. Protege Investment is a June 2012 incorporated company and located at Ward Place, Colombo 7. Nation Lanka Capital’s Managing Director Anura Chandrasiri is also an Executive Director at Protégé Investment Ltd. Chandrasiri, an Attorney at Law with experience in civil, criminal and immigration law also serves on the Board of People’s Leasing and Finance Plc. The transaction has been approved by the Central Bank.

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