Finance

IFC Acquires 14.73% Stake in Sunshine Healthcare for Rs. 3.27 Billion

  • October 7, 2024

The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka Ltd. for Rs. 3.27 billion. Originally announced earlier this year, Sunshine Healthcare confirmed on Friday that the transaction was completed with the issuance of 1.9 million shares on October 3, following the

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Industry Analysis

Commercial Bank of Ceylon Joins PCAF as Sri Lanka’s First Signatory

  • July 30, 2024

The Commercial Bank of Ceylon has become the first bank in Sri Lanka to join the Partnership for Carbon Accounting Financials (PCAF), a global initiative designed to help financial institutions measure and disclose the greenhouse gas (GHG) emissions linked to their financial activities. Certified as 100% carbon neutral in its operations, the bank’s new engagement

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