Sri Lankan finance firm sells money broking unit

Jan 12, 2010 (LBO) – Sri Lanka listed Nation Lanka Finance Limited said it had sold its money broking unit, CSF Money Brokering Company, to unlisted Navara Capital for 9.24 million rupees. Nation Lanka Finance had sold 85.71 percent of the money broker, the firm said in a stock exchange filing.

The statement said Navara Capital was fully owned by Navara Holdings Private Limited which provided corporate advisory services and was engaged in capital market activities.

Nation Lanka Finance was formerly known as Ceylinco Securities and Financial Services.

Harsha Nilantha De Silva, Dimanthi Lakshini De Silva and Naleen Dhammika De Silva make up the board of directors of Navara Holdings.