Bank Stake

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

Dec 01, 2011 (LBO) – Sri Lanka’s DFCC Bank bought a 9.9 percent stake in Nations Trust Bank for 1.3 billion rupees Thursday, a source close to the deal said. DFCC Bank bought 22,865,356 shares at 57.80 rupees each in three crossings or off-market private deals.

The deals helped push up turnover on the Colombo bourse to over four billion rupees.

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