Parent buys 9% more of Amana Takaful for Rs. 180.2 m; Dr. Senthilverl sells

Monday, 23 June 2014 00:00 - - {{hitsCtrl.values.hits}}

Parent, Amana Holdings Ltd., on Friday bought a further 9% stake in Amana Takaful PLC for Rs. 180.25 million, with the seller being high net worth investor and Director Dr. T. Senthilverl. The stake amounting to 90.12 million shares was done at Rs. 2 each. Prior to Friday’s purchase Amana Holdings held 48.34%. Related party Amana Bank Ltd., held a further 15%. Despite the sale Dr. Senthilverl has been requested to remain on the Board of Amana Takaful. He also bought a fresh stake of 1.95 million shares at Rs. 1.80 each. The major shareholder’s decision to up its stake in Amana Takaful was said to be arising out of confidence and seeing future value. The Net Asset Value of Amana Takaful is Rs. 1.17 per share (Group) and Rs. 1.01 (at Company level).

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.