*Lanka Ashok Leyland was incorporated in 1982 as a Public Limited Liability Company and started its operations in 1983 as a Joint venture between Lanka Leyland Ltd. (a wholly owned company of Government of Sri Lanka) and Ashok Leyland Ltd India, to carry out the business of importation of Ashok Leyland commercial vehicles in knock down condition or fully built and carry out assembly operations, repair and service, body building on chassis and other developments to progressively develop ancillary industries locally.
*Saliya Perera has been a longstanding shareholder in Lanka Ashok originally with 27.85% stake amounting to one million shares.
*The 12% stake sold by Seylan Bank on 15th of Feb, at Rs. 1000 per share.
*seller or Mr.Saliya incur a loss of (448300*2033)=911Mn (as at 15th of Feb)
*buyer(perpetual capital) have a unrealized profit of (448300*(6500-1000))=2465Mn (as at 28th of April)......
a look back at this illiquid share which have a bitter story......just thought to share....
Last edited by mark on Thu Apr 28, 2011 8:17 pm; edited 1 time in total (Reason for editing : color format)