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Thursday May 13th, 2021
Banking

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.

 

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