Ajith Fernando, the second largest shareholder and founder of of Capital Alliance PLC (CALT) sold 21.69 million shares at LKR 60.10 per share to Capital Alliance Holdings Ltd at a value of LKR 1.3 Billion immediately after declaration of dividends. According to the disclosure Ajith Fernando is no longer a shareholder of Capital Alliance PLC.
![Capital Alliance PLC share on a free fall after major transaction Scree383](https://i.servimg.com/u/f71/20/05/44/31/scree383.png)
CALT Share Price Crash after Exit
Capital Alliance PLC (CALT) market price crashed to LKR 57.00 (4.82%) immediately after Ajith Fernando Exited at LKR 60.10 per share.
![Capital Alliance PLC share on a free fall after major transaction F_ozxa10](https://i.servimg.com/u/f71/20/05/44/31/f_ozxa10.jpg)
CALT Technical Chart
![Capital Alliance PLC share on a free fall after major transaction Scree384](https://i.servimg.com/u/f71/20/05/44/31/scree384.png)
Incomplete Public Announcement/Disclosure
Announcement does not indicate Ajith Fernando's ownership in Capital Alliance Holdings Ltd.
![Capital Alliance PLC share on a free fall after major transaction Screen16](https://i.servimg.com/u/f71/20/05/44/31/screen16.jpg)
https://cdn.cse.lk/cmt/announcement_portal_prod/RPT%20Disclosure_19328257183850816.pdf