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19 November, 2013 08:33 AM Source: Financial Times - Sri Lanka

Controlling shareholder LOLC yesterday increased its stake in Commercial Leasing and Finance Plc by 2% to 92% with an investment of Rs. 650 million.

The stake amounting to 130 million shares was done above the market at Rs. 5 each via two crossings. Net asset value per share of Commercial Leasing was Rs. 1.31 as at 30 September 2013.

The deal on Commercial Leasing accounted for 70% of the day’s turnover at the CSE. The share price of Commercial Leasing & Finance closed flat at Rs 4.10. More...

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