Sri Lankan finance firm sells money broking unit

Sri Lanka's state minister of defence Ruwan Wijewardene (L) takes part in a press conference in Colombo on April 24, 2019. - A Sri Lankan security dragnet hunting those responsible for horrifying bombings that claimed more than 350 lives has scooped up a further 18 suspects, police said April 24, as pressure mounted on politicians to explain why no one acted on intelligence warnings. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Jan 12, 2010 (LBO) – Sri Lanka listed Nation Lanka Finance Limited said it had sold its money broking unit, CSF Money Brokering Company, to unlisted Navara Capital for 9.24 million rupees. Nation Lanka Finance had sold 85.71 percent of the money broker, the firm said in a stock exchange filing.

The statement said Navara Capital was fully owned by Navara Holdings Private Limited which provided corporate advisory services and was engaged in capital market activities.

Nation Lanka Finance was formerly known as Ceylinco Securities and Financial Services.

Harsha Nilantha De Silva, Dimanthi Lakshini De Silva and Naleen Dhammika De Silva make up the board of directors of Navara Holdings.