E-channelling PLC (ECL) announced a capital infusion of Rs. 150 million in to a subsidiary as it seeks to diversify into leisure, media, financial services and business process outsourcing.
An internet-based doctor channelling service provider, ECL told the Colombo Stock Exchange that it would invest this sum as ordinary voting shares in group company ECL Soft (Private) Ltd.
"The increase in capitalisation is required since the company is expanding rapidly and would need funds for the following projects and strategic investments; leisure, consultancy and training, media and advertising, financial services, BPO and global network of the ECL group," the company said in a stock exchange filing.
It said the capital infusion was subject to shareholder approval.
source - www.island.lk
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