Cherry Picking

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

Peoples Banks restructuring committee is likely to be choosy in its search for a strategic partner who will inject capital to the bank. Chairman Lal Nanayakkara says screened partners may be invited to invest, instead of having a tender that is open to all comers. With a Rs. 3 bn equity deficit, and a Rs. 8 bn gap to reach minimum capital requirements, the bank is seeking a new comfort letter from the Treasury.rn

rnBelow is a list of LBO Reports on Peoples Bank restructuring and other related articles. rn
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