A Time To Pay

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

HSBC, trustees to the Vaniks capital guaranteed debentures says investors will be repaid on April 29.
Capital guarantors to the debenture USAID and Peoples Bank met their obligation of Rs. 200 million by April 25.rn

rnHSBC says Rs. 2.3mn in interest received for the money under its custody upto April 28 will also be distributed among the investors less Rs. 1.1mn in recovery fees charged by the Bank. rn

rnAS the trustee, HSBC also has requested the Colombo Stock Exchange to suspend trading on the debentures with immediate effect. rn

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