Finco buys third largest 11% stake of SDB bank for Rs. 881 m

Tuesday, 21 October 2025 05:52 - - {{hitsCtrl.values.hits}}

Finco Holdings Ltd., has bought a near 11% stake of Sanasa Development Bank PLC (SDB) for Rs. 881.48 million from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V.

The deal comprised a little over 17.98 million shares at Rs. 49 each. The share closed Friday at Rs. 54.50.

SDB reported a net asset value per share of Rs. 89.80 as of end-June 2025.

With the purchase, Finco becomes the third largest shareholder of SDB. Other major shareholders are LOLC Investment Holding (15%), Senthilverl Holdings (12%) and Belgian Investment Company for Developing Countries (10%).