Three Way Race

The race to grab the lion
quote s share of Sri Lanka Insurance Corp. has narrowed down further with just three firms sending their financial and technical bids.rn

rnSources close to the deal said that Janashakthi Insurance Ltd., Commercial Bank/DFCC Bank consortium and Aitken Spence/Stassens/Distilleries Corp. consortium had sent in their proposals when bids closed on Friday evening.rn

rnTwo pre-qualified bidders endash Asia Capital/Asian Alliance consortium and Zurich/Eagle Insurance consortium, had failed to make it to the finishing line.rn

rnThe bids are due to be submitted to the Cabinet appointed Technical Evaluation committee on Monday.rn

rnThe government earlier this year announced plans to dispose up to 90 percent in SLIC.rn