Mon, 21 Jun 2021 Today's Paper

Global Rubber ups Sanasa stake over 10%

27 April 2016 10:04 am - 0     - {{hitsCtrl.values.hits}}

A A A

Leading industrial rubber tyres manufacturer Global Rubber Industries Private Limited has upped its stake in Sanasa Development Bank PLC (SDB) to 10 percent, a stock market filing said. As at December 31, 2015, Global Rubber Industries held 2.79 million shares of SDB which represented 6.94 percent of the issued shares of the bank.

The single largest shareholder of SDB as at the same date was high net worth investor Dr. T Senthilverl, who held a 14 percent stake. “Please be informed that our client Global Rubber Industries has purchased shares today (26.04.2016) in Sanasa Development Bank PLC, thereby increasing their total holding over 10 percent of the company,” Asia Securities said in the filing. According to regulations, an entity or an individual can only hold up to 10 percent of a banking institution in Sri Lanka but with special approval from the Central Bank, it can go up to 15 percent.

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


Statistical blunders expose administrative weaknesses

Information helps save lives and during a pandemic a free-flow of vital, accu

Vavuniya tusker’s demise DID TOO MANY ‘COOKS’ SPOIL JUMBO’S RECOVERY?

On June 11 Sri Lanka lost another one of its magnificent tuskers that succumb

Life and Times of Dynamic “Thamby” Arumugan Thondaman

Thamby”in Tamil means younger brother. It is also used widely as a pet name



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.