Dozen Inquiries

Sri Lankan Prime Minister Ranil Wickremasinghe (2nd R) arrives to visit the site of a bomb attack at St. Anthony's Shrine in Kochchikade in Colombo on April 21, 2019. - A string of blasts ripped through high-end hotels and churches holding Easter services in Sri Lanka on April 21, killing at least 156 people, including 35 foreigners. (Photo by ISHARA S. KODIKARA / AFP) (Photo credit should read ISHARA S. KODIKARA/AFP/Getty Images)

Up to 90 percent of SLIC is up for grabs with the government keen to get a reputed investor to manage the life and general insurance giant.

rnThe Potential investors would get management control with a possible option to buy the ten percent stake held by the employees.

rnThe formal sale process is expected to start in mid-September after a shortlist is announced.

rnForeign investors are allowed to own up to 100 percent in local insurance companies.

rnThe sale will go through later this year and will play a key role in the government
quote s effort to raise 21 billion in privatization receipts.rnrn