Big stake sold in Sri Lankaâ€™s Softlogic Insurance for Rs2.18bn
ECONOMYNEXT – A big stake in Sri Lanka’s Softlogic Life Insurance changed hands on the Colombo bourse Wednesday morning for 2.18 billion rupees, brokers said.
The stake changed hands in two blocks, one of 35.6 million shares at 30.80 rupees each and the other of 35.6 million shares at 30.70 rupees each, down 19-20 percent from the previous, opening trade.
The total value of the 71.2 million shares traded was 2.18 billion rupees.
The transaction amounted to a 19 percent stake in Softlogic Life Insurance, formerly Asian Alliance Insurance.