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GROSS DOMESTIC PRODUCT (GDP)
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LOLC General Insurance Ltd - LGIL Wed Feb 22, 2023 8:19 am
LOLC General Insurance Ltd - LGIL Wed Feb 22, 2023 10:17 am
Re: LOLC General Insurance Ltd - LGIL Wed Feb 22, 2023 10:28 pmBullishBear wrote:AAIC has a No. of 375 Mn. issues shares at present.
51% of that will cost 26.775 Bn. even @ a price of 140 LKR per share.
Any buyer of over 30% or over will also have to make a mandatory offer to all other shareholders to purchase the remaining stake of 49% @ the same price per share & that will require a provision of a further 25.725 Bn. LKR.
So that will add up to a total figure of 52.500 Bn. LKR.
Does the LOLC group currently have that level of financial strength and capability at its disposal
Re: LOLC General Insurance Ltd - LGIL Wed Feb 22, 2023 11:20 pm
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