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.
The Employees’ Provident Fund (EPF) has received Rs. 231 million in compensation for losses incurred due to market manipulation in the purchase of Laugfs Gas PLC shares in October 2011. The Securities and Exchange Commission (SEC) announced that these funds have been credited to both the EPF and the SEC’s Compensation Fund. The SEC had
The Securities and Exchange Commission (SEC), Sri Lanka’s stock market watchdog, revealed in its 2023 annual report that it took action last year to combat the growing trend of unqualified individuals offering investment advice on social media. The SEC has previously penalized licensed advisors for manipulating the stock market. However, a new concern has emerged: