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Adam Capital ventures into micro credit business

Jun 18, 2015 (LBO) – Sri Lanka's Adam Capital has incorpotared their micro credit busines under the name of Adam Capital Micro Credit private limited to explore the micro finance sector in the island.
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"Central Bank approval is not reqiired as the Micro Finance Act has not been passed in Parliament.
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" the company said in a stock exchange filing.
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The new business is a wholy owned subsidiary of Adam Capital PLC.
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The long awaited Micro Finance Act has already been drafted and expecting public proposals.
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