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02 October, 2013 07:13 AM Source: Financial Times - Sri Lanka
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British American Technologies sell 15% stake for Rs. 163 m from its 28% holding

Singapore-based firm Senior Marketing System Asia Pte Ltd., a subsidiary of Japan’s public quoted SMS Co Ltd., yesterday expanded its stake in eChanneling Plc to 29.8% from a 15% holding previously.

The move follows the company buying 18.079 million eChanneling shares (trading XD) at Rs. 9 per share in a deal worth Rs. 162.7 million.  The seller was British American Technologies which as at June 2013 held a 27% stake.

Late last month, SMS acquired 18.32 million shares at Rs. 8.50 each in a deal worth Rs. 156 million from Capital Trust Holdings (12.7 million shares) and others. More...

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