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Finlays Sri Lanka unit to delist, offers Rs302 per share

Oct 21, 2015 14:46 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT – Sri Lankan tea exporter Finlays Colombo Plc said it plans to delist its ordinary shares from the Colombo Stock Exchange.

A stock exchange filing said the firm has made arrangements for James Finlay Ltd. of Swire House, London to buy shares from shareholders at 302 rupees a share. Its shares last traded at 260 rupees.

The Finlays Colombo Board of Directors had taken the decision on October 20 subject to regulatory approval, it said.

The company blends and packages tea for export and is also into cold storage logistics, tea warehousing and insurance brokering.  (Colombo/October 21 2015)


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