Bartleet Finance Plc Sri Lanka and Orient Finance merger approved
ECONOMYNEXT- A merger with Bartleet Finance Plc, Orent Finance had been approved by shareholders, Orient Finance listed company said in a stock exchange listing.
Existing shareholders could get one share of Bartleet Finance or 14.97 rupees for every existing share of or Orient Finance.
In a related deal, First Capital Holdings Plc said it had accepted an offer by Bartleet Finance Plc for a 25 percent stake in Orient Finance for 432.7 million rupees.
First Capital Holdings will make a 23 million rupee profit on the deal.