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.
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