Saturday, June 11, 2011

Prominent investors sell Free Lanka stake

Taprobane Holdings Chairman Ajith Devasurendra who is also a Director of Free Lanka Capital Holdings had sold 3.81 million shares of Free Lanka Capital Holdings (FLCH) at Rs.4.9 per share on June 9, a stock exchange filing said. However financial of FLCH as at 31 March 2011 outlines that Ajith Devasurendra had 12 million shares (0.88%) of FLCH.

Meanwhile another filling said that Ishara Nanayakkara who is also a Director of FLCH had sold nearly 38.9 million shares of FLCH on June 7. Subsequently, the filling by FLCH said Nanayakkara had sold in several trades including 3.5 million shares at Rs.5, 7.12 million shares at Rs.5.20, 16 million shares at Rs.5, 8 million at Rs.5.10, 4.2 million at Rs.5.20 and 67,300 shares at Rs.5.30 per share.

As per financials, till 31 March 2011, Ishara Nanayakkara led Lanka ORIX Leasing Co. PLC had 32.25 million of FLCH (2.36% stake) with Ishara Nanayakkara having 10.63 million shares (0.7% stake) of Free Lanka Capital Holdings.

Free Lanka Capital Holdings listed 1.368 billion shares on Colombo Stock exchange’s ‘Diri Savi Board’ on April 18 this year and it offered 300 million shares to the public at Rs.5 per share prior to listing.

source - www.dailymirror.lk

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