Navara Capital Pvt Ltd Acquire 68% of MBSL Saving Bank Limited

Spread the love

Merchant Bank of Srilanka PLC
Merchant Bank of Srilanka PLC

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

Consideration

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.


Spread the love

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *