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Ironwood Investment raises stake in Sri Lanka Abans Finance

May 12, 2017 11:09 AM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Ironwood Investment Holdings (Pvt) Ltd, a Colombo-based private investment company, has raised its stake in Sri Lanka's Abans Finance, a licensed non-bank lender, to 31.89% from 20%.

A stock exchange filing said Ironwood Investment Holdings bought just over 10 million ordinary shares or a 15.3% stake in a recent rights issue.

Ironwood had held 11 million shares in Abans Finance, acquired last year in a private placement.
(COLOMBO, May 12, 2017)
 


 

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