Milford Ceylon buys 19-pct of Softlogic Life

Colombo-Stock-Exchange

Jan 17, 2020 (LBO) – Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. 2.6 billion.

Shares amounting to 71.25 million shares was acquired at 37.00 rupees each, the company said in a stock exchange filing, Thursday. 

The seller was DEG or State Street Munich C/o SSBT-DEG-Deutsche Investitions-UND Entwicklungsgesellschaf MBH.

Softlogic Life closed unchanged at 37.30 rupees.