Time Please

Apr 24, 2012 (LBO) - Two shareholders of Sri Lanka's listed Nations Trust Bank have asked for more time to sell down their stakes to comply with a regulatory requirement, the firm said.
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Sri Lankan conglomerate John Keells Holdings holds 29.9 percent of the company and Central Finance hold 20 percent of the company.
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Sri Lanka's central bank has asked both shareholders to cut their stakes to 15 percent to comply with single shareholder rules.

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The bank said in a stock exchange filing that both shareholders had written to the regulator asking for an extension of the deadline.

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