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Fifteen Percent:
19 Jul 2013 16:55:01
Dinal Wijemanne increases Sinhaputhra Finance stake to 15.18%


Jul 19, 2013 (SLBO) - In a disclosure to Colombo Stock Exchange, Taprobane Securities said that their client Dinal Wijemanne had purchased 387,157 shares of Sinhaputhra Finance PLC (SFL) increasing his stake to 15.18%.

As at 31 march 2013 Wijemanne had 568,505 shares of the company or a 9.03%.Wijemanne was also the former Chief Executive of Taprobane Securities.

SFL has over 6.29 million shares in issue with a market capitalization of over Rs.503.6 million to date.

Being the single largest investor, Wijemanne who neary had 30% stake of Nanda Investments and Finance PLC (NIFL) sold his stake recently to a consortium lead by LOLC and Bangladesh based Microfinance entity BRAC.