FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» GLAS will be winner with Super Gain.
by Eranga87 Today at 12:30 pm

» Lanka Walltile PLC Investment Case
by judecroos Today at 8:55 am

» Which is the best at current market condition ? ( At least 30% within 30 Days)
by judecroos Today at 8:39 am

» ???? අප්‍රේල් 16 ???? මේ දින 3 කෙටි සතියත් කොළපාටින් අවසන් වුනා
by mahasona2 Today at 12:40 am

» Daily Foreign Transactions
by Pradeep90 Yesterday at 8:03 pm

» First capital holdings CFVF.N0000
by High-flyer Yesterday at 3:22 pm

» Big opportunity in Kegalle Plantations
by EquityChamp Yesterday at 2:58 pm

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by stockchaser Yesterday at 2:42 pm

» විජේදාසගේ... voice cut ප්‍රතිඵල
by nigma Yesterday at 11:59 am

» If you buy a stock that’s not going up in price, you won’t make any money. STOCK market for beginners
by dayandacool Yesterday at 11:31 am

» B P P L HOLDINGS PLC (BPPL.N0000)
by vikiperera Yesterday at 11:17 am

» VPEL VPEL VPEL
by invest thinker Yesterday at 10:23 am

» Thoughts on SINS
by Swissinvest Yesterday at 10:04 am

» VFIN / VPEL / PABC - Share SPLIT or VTWO ?
by WealthKing Yesterday at 8:33 am

» DIPD/HAYC/HAYL
by Harry82 Yesterday at 5:46 am

» ROYAL CERAMICS PLC (RCL.N0000)
by shan31 Thu Apr 15, 2021 11:22 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Jana Thu Apr 15, 2021 11:15 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by learningthemarket Thu Apr 15, 2021 8:18 pm

» LOLC Share Price
by EGG Thu Apr 15, 2021 5:59 pm

» L B FINANCE PLC (LFIN.N0000)
by Venu123 Thu Apr 15, 2021 2:06 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Who is the buyer of NIFL?

Who is the buyer of NIFL?

Go down  Message [Page 1 of 1]

1Who is the buyer of NIFL? Empty Who is the buyer of NIFL? Wed Jun 26, 2013 10:55 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Who is the buyer of NIFL?

KDD???

2Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 10:57 am

Takecharge


Manager - Equity Analytics
Manager - Equity Analytics
Big buy orders

3Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 10:58 am

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Management changed

4Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 11:03 am

Burpy


Senior Equity Analytic
Senior Equity Analytic
nanda wa gatte kauda ? Very Happy

5Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 11:09 am

sureshot

sureshot
Vice President - Equity Analytics
Vice President - Equity Analytics
nandaa gatte maama.....Very Happy

6Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 11:17 am

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Harry82 wrote:Who is the buyer of NIFL?

KDD???
OOppppss...

nanda wa mama aragenada...????

7Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 12:22 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Sri Lanka's LOLC group and Brac International connected to a top bank in Bangladesh has bought control of a finance company in Sri Lanka.

8Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 12:23 pm

sashimaal

sashimaal
Manager - Equity Analytics
Manager - Equity Analytics
Brac International Bangladesh and LOLC - as per LBO SMS

9Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 12:24 pm

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Sri Lanka's LOLC, Bangladesh's Brac buys finance firm

26 Jun, 2013 12:16:10
June 26, 2013 (LBO) - Sri Lanka's LOLC group and Brac International connected to a top bank in Bangladesh has bought control of a finance company in Sri Lanka, an official said.

About 84 percent of Nanda Investments and Finance, a registered finance company in Sri Lanka traded on the Colombo Stock Exchange Wednesday.
Brac is expected to hold over 50 percent of the firm.


http://www.lankabusinessonline.com/news/sri-lankas-lolc,-bangladeshs-brac-buys-finance-firm/754065294

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
WRITTEN BY BUSINESS EDITOR

June 26, 2013 (LBT) - Nearly 85 million shares crossed Nanda Investments and Finance PLC (NIFL) today between 10:44am to 11:02am, a source close to the deal said. A large foreign microfinance entity, BRAC USA picked up a major stake and LOLC also picked another quantity as the buyers and LOLC Securities executed the deal.

Several parcels were crossed at Rs. 9 per share in large blocks of 28,399,425 at 10:53:30, 17,006,500 at 10:57:08, 14,750,000 at 10:59:33 and small parcels in the blocks of 2.5 million, little over 5 million and 7.5 million changed hands.

A development organization founded in Bangladesh in 1972, BRAC is a development success story, spreading solutions born in the developing world to 10 other countries around the world. What started as a limited relief operation in 1972 in a remote village of Bangladesh has turned into the largest development organization in the world, a 21st century leader in creating opportunity for the world’s poor.

Organizing the poor using communities’ own human and material resources, BRAC (formerly Bangladesh Rural Advancement Committee) catalyzes lasting change, creating an ecosystem in which the poor have the chance to seize control of their own lives. They do this with a holistic development approach geared toward inclusion, using tools like microfinance, education, healthcare, legal services, community empowerment and more.

BRAC work now touches the lives of an estimated 126 million people. With staff and BRAC-trained entrepreneurs numbering in the hundreds of thousands, BRAC is a global movement bringing change to 11 countries in Asia, Africa and the Caribbean. With an office in New York, BRAC USA is its North American affiliate, an independent nonprofit created to advance its global mission.

Earlier this month stock market analysts were predicting that a stake in Nanda Investments and Finance Limited, owned by the Mallawarachchi family, is being negotiated to be divested.

Mallawarachchi family owned nearly 42% stake of the company to date. As per the latest financials of the company Lalith Mallawarachchi, also the managing director of the company, had 16.89 per cent in the company while his automobile company Nanda Motors has 14.6 per cent. Dinal Wijemanne had 28 per cent stake. Deposit mobilisation, leasing, hire purchase and loans to individuals and small to medium scale enterprises are the core businesses of Nanda Investments and Finance.

The history of the company goes back 50 years when its founding Chairman/ Managing Director the late Sirisena Mallawarachchi - 'Nanda Mudalali' established a finance company which was originally named Nanda Investments Ltd. It was listed on the Diri Savi Board of the Colombo Stock Exchange in July 2011. Sirisena Mallawarachchi, who was also known as 'Nanda Mudalal', was the owner of Nanda Motors (Pvt) Ltd, the agent for a spectrum of renowned passenger vehicle brands such as Opel, Ford, Holden and Austin Cambridge.

The pre tax profit of the Rs 88 million deposit-base company was at Rs 21.9 million for the year ended 31st March 2012 compared with Rs 22.2 million in the year before.

“Last year the comparative figure on Change in Fair Value of Investment Property has been restated to conform to a variation in valuation of the investment property. Hence the revised profit of last year after the amendment was Rs. 48.9 million. Change in Fair Value of Investment Property has contributed Rs 6.3 million during the year whereas the revised Change in Fair Value of Investment of last year has been Rs 28.6 million,” Dr S. P. Jayawardhana, Chairman of the company had said in his annual review.
http://lbt.lk/news/business/4784-nanda-investment-aquired-by-brac-usa-and-lolc

11Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 2:33 pm

Arena


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
I have a real doubt the price of the deal.

Is there any room to Make the transaction @9 In the mkt while the actual deal goes at around Rs.5 or 6..............

Such as Pay 9 through CSE and get another Rs.4 as a off Market transaction.

Is this possible ?

12Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 2:50 pm

KDDND

KDDND
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Arena wrote:I have a real doubt the price of the deal.

Is there any room to Make the transaction @9 In the mkt while the actual deal goes at around Rs.5 or 6..............

Such as Pay 9 through CSE and get another Rs.4 as a off Market transaction.

Is this possible ?

As I know the leader of N....
He is kind of ................ & living at very low profile with VERY minimal expense for day to day things....
This consideration may be POSSIBLE! scratch

13Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 3:42 pm

Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics
mandatory offer at 9.00

14Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 4:55 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
Will it add further burden of debt to LOLC?

15Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 5:18 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/4031372246020_.pdf

16Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 6:13 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Gaja wrote:Will it add further burden of debt to LOLC?

50m dollar soft loan was provided to LOMC

These guys refuse to upload the AR Very Happy

17Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Wed Jun 26, 2013 7:29 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
@rainmaker wrote:
@Gaja wrote:Will it add further burden of debt to LOLC?

50m dollar soft loan was provided to LOMC

These guys refuse to upload the AR Very Happy

Are u saying LOMC got softloan for the share purchase? Friend let me know if there are any places who have the soft loan for share purchase, am seriously interested

18Who is the buyer of NIFL? Empty Re: Who is the buyer of NIFL? Thu Jun 27, 2013 11:00 am

monash

monash
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
http://www.cse.lk/cmt/upload_cse_announcements/7201372304731_.pdf

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum