Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, March 11, 2013

IFC & DEG to buy 10-pct each in Sri Lanka bank

Mar 09, 2013 (LBO) - The International Finance Corporation, a private sector financing arm of the World Bank and DEG, a German development financier will buy 10 percent stock each in a new Sri Lankan commercial bank.

Cargills Agriculture and Commercial Bank is being promoted by Sri Lanka's Ceylon Theatres group.

Sri Lanka's CT Holdings and Cargills (Ceylon) Plc said have agreed to subscribe 10 percent each in the bank subject to fulfilling "certain terms and conditions."

source - www.lbo.lk