The Merchant Bank of Srilanka PLC announced to Colombo Stock Exchange that the Company’s Board of Directors has accepted an offer made by a consortium of Investors led by Navara Capital Pvt Ltd to Purchases 68% of MBSL Saving Bank Limited.
The Acquisitions comprising of 87,185,520 Ordinary Voting Share and 100,000,000 Ordinary Non Voting share.
|Nature of Shares|
No of Shares
Value of Shares
|Ordinary Voting Share||87,185,520||LKR 3.75||LKR 326,945,700.00|
|Ordinary Non Voting Shares||100,000,000||LKR 2.35||LKR 235,000,000.00|
|Total Considerations||LKR 561,945,700.00|
The Above Investment subject to the Central bank Approvals.