Monday Aug 18, 2025
Monday Aug 18, 2025
Monday, 18 August 2025 01:54 - - {{hitsCtrl.values.hits}}
Indra Silva
High net worth investor of motor trade Indra Silva last week entered the National Development Bank (NDB), further expanding his banking sector portfolio.
Silva was the major buyer of the 7.4% stake of NDB, which traded last week for Rs. 4.4 billion.
Already, Silva is the single largest individual shareholder in Commercial Bank with 9.98% stake, third largest in Sampath Bank (9.9%), and holds 2.7% in Hatton National Bank (HNB) as the 12th largest.
NDB last week reported an all-time high Profit After Tax of Rs. 4.2 billion in the first half of FY26.
NDB’s biggest shareholders include Norfund (9.95%), EPF (9.46%), Bank of Ceylon (BOC) (7.9%), Richard Pieris and connected parties (8.8%), and Sri Lanka Insurance Corporation (11%).
Among other buyers last week were Metrocorp Ltd., headed by Dinesh Ambani, which had an existing 2% stake in NDB.
The seller of 31.7 million shares of 7.4% was Softlogic Life Insurance, which booked a good profit according to analysts. The share price of Softlogic Life closed on Friday at Rs. 84.60, up by Rs. 1.10 from its previous close.
