Sun, 25 Jul 2021 Today's Paper

E-Channelling majority shareholder accepts Mobitel’s voluntary offer

22 September 2016 12:03 am - 0     - {{hitsCtrl.values.hits}}

A A A

The majority shareholder of E-Channelling PLC, Senior Marketing System Asia (Pte) Limited, said it had accepted the voluntary offer made by Mobitel Private Limited to purchase its shareholding in the country’s first doctor channelling platform.


Senior Marketing holds an 87.59 percent stake in E-Channelling PLC. Mobitel, the mobile arm of Sri Lanka Telecom PLC, a couple of weeks ago announced a voluntary offer to acquire all the shares of E-Channelling PLC.


Mobitel also announced it had reached a share sale and purchase agreement with Senior Marketing to acquire its holding of 107 million E-Channelling shares, representing 87.59 percent, at a price of Rs.6 per share.


E-Channelling has 122.1 million shares in issue. NDB Investment Bank has been appointed as the manager to the voluntary issue.


Since it is a voluntary offer, both the buying and selling parties could avoid brokerage fees, unlike in the case of carrying out the transaction through a crossing and subsequent mandatory offer.Mobitel’s competitor in the mobile telephony market, Dialog Axiata PLC, operates the other doctor channelling platform in the country in partnership with the Softlogic group’s Asiri Hospitals, which is currently in an expansion mode.  

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 


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.

Reply To:

Name - Reply Comment


Basil Rajapaksa’s catch 22 situation

Sri Lankan politics has been a good deal of family business. It was not even

“This govt. printed Rs. 880 billions”

This is the roadmap of Zimbabwe

“We are on the cusp of a mothers-led movement for better birth rights in Sri Lanka” – Kanya D’Almeida

Writer Kanya D’Almeida became the first Sri Lankan to win the ‘Commonweal

Two diametrically opposite shows in a military regime

On July 8 (Thursday) we saw diametrically opposite results because the securi



See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.