SLIC's profit from the deal.....
Sale Proceeds for 44,032,575 shares LKR5,064mn
Cost of investment LKR4,631mnProfit from the Investment LKR433mn
That is a 9.35% return on cost....
If we look at the individually; I mean LIFE and GeneralLIFE Fund
Sale Proceeds from 18,000,000 Shares LKR2,070mn
Cost of Investment LKR4,161mn
Loss from the Disposal (LKR2,091mn)General
Sale Proceeds from 26,032,575 shares LKR2,994mn
Cost of investment LKR469mn
Profit from the disposal LKR2,525mn
SLIC General had 2,935,505 shares at a cost of LKR794mn. During 2010 after the share split there holding changed to 44,032,575. Out of this 44mn shares, 18 mn shares have been transferred to SLIC LIFE in 2010 at a cost of LKR4,161mn...
Therefore it appears SLIC LIFE had a bad loss from this deal.