According to 31st March 2014 financials Sri Lanka Insurance Corporation Ltd - Life Fund had 3,020,600 voting shares which is a 1.68% stake of CFLB.
The same financials notes that CFLB group's Net Asset Value per share is Rs. 43.38 as at 31st March 2014 compared to Rs. 44.64 on 31st March 2013.
It is known that SLIC has divested the CFLB stake to show profitability for its Life Fund, amidst upcoming quarter and since the state is reviewing accounts of State Owned Business Enterprises (SOBEs) such as Sri Lanka Insurance before preparation of Budget for 2015 that is yet to be presented on November 2014.
Sources note that however CFLB block of 1.6 million shares owned by SLIC has been bought buy CFLB Chairman Anushman Rajaratnam and few related parties.
CFLB is yet to revalue its Plantations, Property & Motors, Chemicals, Hardware, Hotels, Distribution, Manufacturing and Investment businesses and it is said that after the valuation the share will be an interesting counter since the CFLB then has a Net Asset Value Per Share of over Rs. 60/-