An Echelon Media Company
Thursday September 10th, 2026
Merger & Acquisition

Sri Lanka's Senthilverl Holdings tops 10-pct stake in Sarvodaya Finance

Purchase of 750,000 voting shares at prices ranging between 39.70 rupees and 41.00 rupees per share.

September 10, 2026 1 min read

Sri Lanka’s Hunas Holdings partners with Japan's CCH Inc

“This partnership is entered into identify, develop and manage potential Real Estate and hospitality projects.”

September 2, 2026 1 min read

CT Holdings, Cargills Rs15bn divestment drives Sri Lanka bourse

The largest transaction for 2026, and brought the total turnover to 16.85 billion rupees today. 

August 24, 2026 1 min read

Sri Lanka’s Hemas aims 15-pct foreign revenue by 2030 with Kenyan Twiga acquisition

Hemas acquired 75% of Kenya-based Twiga for US$16.1 million

August 19, 2026 2 min read
Sri Lanka's JXG to buy Continental Insurance from Melstacorp for Rs5.14bn

To buy 100 percent of the shares in Continental Insurance Lanka Limited for 5,144,636,012 rupees.

DFCC Bank completes Rs3.7bn acquisition of Standard Chartered Sri Lanka

DFCC Bank has obtained 50,000 wealth and retail customers of SCB

Sri Lanka’s Softlogic Life completes $1.9mn acquisition of Bangladesh insurer

July 24, 2026 1 min read

Sri Lanka's Alpha Fire to buy Icon Engineering in Rs260mn share swap

To acquire 10,000 shares, representing 100 percent of the issued capital

July 13, 2026 2 min read

CORRECTED - Sri Lanka Hemas buys 75% stake in Kenyan firm

The purchase is made through Hemas Holdings’ subsidiary Atlas Axillia.

January 28, 2026 1 min read

Ceylon Tea Brokers sells Logicare to David Pieris subsidiary for Rs635mn

Sold to to D P Logistics (Private) Limited

October 31, 2025 1 min read

Sri Lanka's Hayleys pays Rs2.5bn for 40-pct of Harischandra, retail price soars

Harischandra closes up 2,475 rupees in retail trade

October 17, 2025 1 min read

Sri Lanka's L B Finance offers to buy all shares of Associated Motor Finance

L B Finance PLC offers to purchase 113,327,268 ordinary voting shares of Associated Motor Finance

October 17, 2025 1 min read

Hong Kong based World Elite acquires 50.01-pct stake in Gestetner of Ceylon

1,329,115 ordinary shares were bought at 239.75 rupees per share for 318 million

October 14, 2025 1 min read

Sri Lanka’s Haycarb merges subsidiary Ultracarb

Fully owned subsidiary amalgamated

October 2, 2025 1 min read

Sri Lanka's Asia Capital sells 63.77-pct stake in ACAP Stock Brokers

Sold to Stallion Consultancy (Pvt) Ltd

September 26, 2025 1 min read

Hemas Holdings to buy consumer products company in Kenya

The deal is expected to be finalized within the next 6 months.

September 25, 2025 1 min read
Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 328.3421 336.1698
UK Pound 443.5573 445.0216
Euro 381.2380 383.3680
Yen 2.1030 2.0663
Aus Dollar 236.4720 231.5874
Source: Central Bank/Indicative
Latest Last
Indian Rupee 3.4747 3.5512
Korean Won 0.2442 0.2160
Oman Rial 852.8366 873.1683
Saudi Riyal 87.4390 89.4735
UAE Dirham 89.3934 91.5246
Source: Central Bank/Indicative
pts %
S&P SL20 6,066.55 +0.13%
CSE All Share 21,623.66 +0.01%
Turnover Rs 2133.62 million 1070.24 million
Source: CSE
Latest Last
3-m bill 7.61 7.84
6-m bill 7.91 8.26
12-m bill 8.23 8.3
3-yr bond 9.24 9.25
5-yr bond 9.82 9.56
8-yr bond 10.50 10.48
Source: Central Bank/Indicative
today yesterday
Overnight Money 7.70 7.69
Gilt Repo 7.74 7.72
I-m SLIBOR - -
Source: Central Bank/Indicative

Sri Lanka's Ambeon Capital makes mandatory offer for Myland Developments

Together with ATX Partners, Arcasia Investment and Trading and Sujeewa Mudalige

September 18, 2025 1 min read

Sri Lanka’s HNB completes acquision of Acuity Partners, renames as HNB Investment Bank

HNB bought the 50 percent stake from DFCC Bank

February 6, 2025 2 min read

Senthiverl Holdings ups stake in Sri Lanka's Kotagala Plantations to 10-pct

Senthilverl Holdings have bought 1,060,811 shares, at between 9.10 to 9.40 rupees a share

December 27, 2024 1 min read

Sri Lanka DFCC looks for investor after Acuity divestment deal fails

DFCC in Sept announced to sell its 50% stake in Acuity to HNB for 7 billion rupees

November 3, 2024 1 min read

Sri Lanka's Brown and Company acquires Isin Lanka

Isin Lanka (Private) Limited will facilitate the warehouse operations of the Browns Group

September 26, 2024 1 min read

Sri Lanka's Iconic Trust makes mandatory offer for Sierra Cables

Last week, Iconic Trust bought 6,654,899 shares of Sierra Cables Plc, increasing its stake in the company to 30.42.

September 18, 2024 1 min read

Browns subsidiary increases stake in Sierra Cables Plc

Iconic Trust will make a mandatory offer to remaining shareholders in terms of the Takeovers & Mergers Code in due cours

September 12, 2024 1 min read

Sri Lanka's DFCC to sell 50-pct stake of Acuity Partners to HNB

Acuity Partners (Pvt) Ltd is a joint venture between DFCC Bank and Hatton National Bank.

September 2, 2024 1 min read

Sri Lanka's Dipped Products to buy Thailand-based rubber glove factory

Investment for acquisition would be USD11mn and the acquisition will be carried out through Dipped Products (Thailand) L

August 8, 2024 1 min read

Sri Lanka's LB Finance merges Multi Finance Plc

Multi Finance PLC amalgamated with LB Finance PLC

August 6, 2024 1 min read
1 2 3