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Japan's Orix sells Sri Lanka LOLC stake to Ishara

Mar 28, 2018 11:20 AM GMT+0530 | 1 Comment(s)

ECONOMYNEXT - Japan's Orix group has exited it stake in Sri Lanka's LOLC rupees, with a firm controlled by its Deputy Chairman Ishara Nayakkara taking the stake for 12.8 billion rupees, market sources said.

LOLC Holdings a privately held firm bought out Orix ending a 30-year relationship.

LOLC at the time was Sri Lanka's pioneer leasing company.

Orix of Japan had been a passive investor for many years. It had exited with a big capital gain.


 

1 Comments

  1. Nana March 28, 11:37 AM

    Thanks to Super economic Policies, really good foreign Investors fleeing the Country. Maybe some corrupt investors come in.

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