Subscribe

Taprobane buys 9 percent of PABC

2014-07-09 08:30:44
0
20129

High net worth investor Ajith Devasurendra led Tabrobane Holdings yesterday bought a 9.1 percent stake in Pan Asia Banking Corporation PLC (PABC), of which business leader Dhammika Perera is the main shareholder.

The market today saw the crossing of 26, 868, 815 PABC shares at Rs.20 per share.

The seller is believed to be high net worth investor Dr.T.Senthilverl who held 26, 895, 935 PABC shares at at March 31, 2014 through a margin facility obtained from Seylan Bank PLC.

Dr.Senthilverl recently bought 10 percent stakes in Adam Investments PLC and Sunshine Holdings PLC.

Dhammika Perara held 29.99 percent stake in PABC as at March 31, 2014 while Japan's Bansei Securities Co. Ltd held a 15 percent stake.

For the first quarter ended March 31, 2014, PABC saw its net profit deteriorating 43 percent year-on-year to Rs.81.6 million amid higher impairments on loans and other losses.


  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.
Name is required

Email is required
Comment cannot be empty

Amãna Takaful partners up with Associated Motorways (Private) Limited - Sri Lanka’s leading pioneer in the automotive industry

Monday, 10 December 2018 17:17
0
240

Amãna Takaful PLC (ATL), the pioneer of the Takaful concept of insurance in the Island, recen


Advantis Engineering Continues To Aid Lady Ridgeway Hospital for Children with Innovative Space Solutions

Monday, 10 December 2018 16:52
0
230

Advantis Engineering, a subsidiary of Hayleys Advantis Limited, recently completed the design, const


Samsung QLED TV Re-launched

Monday, 10 December 2018 16:36
0
358

The world’s leading Electronics Company and Sri Lanka’s preferred electronics brand, Sam


More News