LOLC Group is set to make a Rs. 3 billion takeover bid for Sierra Cables following the acquisition of a 30% stake in the company. The move comes after Browns Investments PLC, the strategic arm of LOLC Group, through its wholly owned subsidiary Iconic Trust Ltd., purchased 6.65 million shares of Sierra Cables at Rs.
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange. In November 2023, the company’s board decided to terminate the GDR programme due to the relatively low number of GDRs in circulation and their minimal impact on trading in the company’s securities.
The Maliban Group has announced a major leadership transition, with A.G. Kumudika Fernando being appointed as the new Chairperson, effective August 15, 2024. This appointment follows the recent passing of A.G. Ratnapala Samaraweera, the previous Chairman and Kumudika’s father. Samaraweera was the son of A.G. Hinni Appuhamy, the legendary founder of Maliban, and upheld the