CHC mandatory offer for Taprobane Holdings


Aug 26, 2015 (LBO) – Sri Lanka’s CHC Investment will be making a mandatory offer to shareholders of financial services firm Taprobane Holdings after it bought a 30.99 percent stake at 5.50 rupees, CHC said in a statement to the Colombo Stock Exchange.

The mandatory offer will be at 5.50 rupees per share. A detailed offer will follow shortly, the company said.

On Monday, Taprobane Securities said CHC Investment bought a 31 percent stake of 310.8 million shares of Taprobane Holdings worth 1,709.4 million rupees.

I C Nanyakkara sold 225.9 million shares and P S W Rupasinghe sold 84.9 million shares to CHC Investments in this sale.