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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Dr. Senthilverl sells 9% PABC stake for Rs. 537 m

Dr. Senthilverl sells 9% PABC stake for Rs. 537 m

5 posters

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Gainer

Gainer
Associate Director - Equity Analytics
Associate Director - Equity Analytics

High net worth but low profile investor Dr. T. Senthilverl yesterday exited from Pan Asia Bank Plc, selling his 9% stake for Rs. 537 million to Arc Capital Ltd. PABC saw 27.5 million of its shares trade for Rs. 549.5 million and dominated turnover yesterday.
Within the volume, a parcel of 26.86 million shares was done above the market at Rs. 20 each via a crossing. PABC closed at Rs. 19, up by 50 cents. Its intra-day highest for on-the-board deals was Rs. 19.50. PABC’s Net Assets Per Share is Rs. 14.
Senthilverl as at 31 March held 26.89 million shares or 9.11% pledged with Seylan Bank. He was the third largest shareholder after Dhammika Perera (29.9%) and Japan’s Bansei Securities (15%)

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Did he make profit on this deal GAINER Smile

Harry82

Harry82
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

High net worth investor Ajith Devasurendra led Tabrobane Holdings yesterday bought a 9.1 percent stake in Pan Asia Banking Corporation PLC (PABC), of which business leader Dhammika Perera is the main shareholder.

The market today saw the crossing of 26, 868, 815 PABC shares at Rs.20 per share.

The seller is believed to be high net worth investor Dr.T.Senthilverl who held 26, 895, 935 PABC shares at at March 31, 2014 through a margin facility obtained from Seylan Bank PLC.

Dr.Senthilverl recently bought 10 percent stakes in Adam Investments PLC and Sunshine Holdings PLC.

Dhammika Perara held 29.99 percent stake in PABC as at March 31, 2014 while Japan's Bansei Securities Co. Ltd held a 15 percent stake.

For the first quarter ended March 31, 2014, PABC saw its net profit deteriorating 43 percent year-on-year to Rs.81.6 million amid higher impairments on loans and other losses.

stevenapple


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Just Exchange of shares.
They must have other reasons or priorities other than the price of the share.

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Will this have a run towards 24

shadow walker

shadow walker
Vice President - Equity Analytics
Vice President - Equity Analytics

shark
22 could be

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