Softlogic capital to sell its Softlogic Credit Limited
Sri Lanka’s Softlogic Capital Limited has entered in to a share sale and purchase agreement with Forbes Capital Private Limited to sell 5.1 million ordinary shares of the Softlogic Credit Limited.
Softlogic Capital Limited says, the said share amount constitute 67% of the issued share capital of the Softlogic Credit Limited.
The total consideration of the deal runs up to Rs. 100 million.
Company announced that the deal will go through, once the regulatory and shareholder approvals are received for the move.
Softlogic Capital, a part of the Softlogic Group is the holding company of the groups Financial Services sector.
http://www.news360.lk/business-finance/sri-lanka-softlogic-capital-to-sell-its-softlogic-credit-limited-5689