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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Nanda Investments and Finance PLC

Nanda Investments and Finance PLC

4 posters

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1Nanda Investments and Finance PLC Empty Nanda Investments and Finance PLC Sat Jan 25, 2014 1:42 pm

Mihiranga


Stock Analytic
Stock Analytic

I saw in the yesterday's gazette that the nanda investments and finance plc has changed into brack lanka finance plc. How does this effect cse & and what's all about it?

2Nanda Investments and Finance PLC Empty Re: Nanda Investments and Finance PLC Sat Jan 25, 2014 5:53 pm

knockknobbler


Manager - Equity Analytics
Manager - Equity Analytics

Hereafter, instead of Nanda Investment and Finance Limited, you will see Brack Lanka finance Plc,   in CSE website and other printed documents.
No change in stock code, still it will be .....NIFL.
That's all.  No any other change.

In broker websites and documents it may still display the former name. they take sometime to change.
Some brokers don't change. See LLUB ,...still Caltex.
Since the stock code does not change , not much  of a difference. you have to get used to it.

Hope this will clear your confusion.

3Nanda Investments and Finance PLC Empty Re: Nanda Investments and Finance PLC Sat Jan 25, 2014 6:09 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

In addition to knockKnobbler comment.

Do you want to know why they changed the name (selected BRAC)?
Then read these notifications to get clear picture.
http://www.cse.lk/cmt/uploadAnnounceFiles/1301372319502_1076.pdf
http://www.cse.lk/cmt/uploadAnnounceFiles/5101372920945_1076.pdf

4Nanda Investments and Finance PLC Empty Re: Nanda Investments and Finance PLC Fri Sep 12, 2014 2:24 pm

EWML


Equity Analytic
Equity Analytic

NAPS of CLC stands at 1.43 per share as at 30th June 2014 and NIFL stands at 5.58 per share. If CLC converts the shares of NIFL when the merger is taken place, CLC has to offer 3.9 times of shares to NIFL based on the Net Assets per share value. In this case, present shareholders of NIFL will get 3.9 times of shares in CLC (for example, if someone holds 1,000 shares of NIFL, 3,900 shares of CLC will be alloted). As a result, if someone invest in NIFL at 9.50 today with a cost of Rs. 9,500 + transaction costs, he/she can realise CLC shares of 3,900 at a price appox. Rs. 5 (worth of Rs. 19,500 less transaction costs.

Please comment on this.

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