Sun, 01 August 2010  06:02:48
Key Shareholder
15 Jan, 2010 12:34:44
Sri Lanka JKH stake bought by US-based Janus
Jan 15, 2010 (LBO) - Janus Capital Management, a US based fund said they had bought 12.23 percent of Sri Lanka's John Keells Holdings, shortly after Raj Rajaratnam and his Galleon asset management group started to sell out of the firm.
Janus Capital said they were holding the JKH stake on behalf of clients and had no economic interest in the share in the form of either dividends or eventual sale proceeds.

But the firm had the right to hold of shares held for clients.

Janus said it had 74.9 million shares or 12.23 percent out of a total of 613.1 million shares.

Updated

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