Dialog Axiata raises stake in Sri Lankan e-learning firm

ECONOMYNEXT – Sri Lankan mobile phone operator Dialog Axiata has increased its stake in e-learning firm Headstart (Private) Limited to just over 50% by converting bonds to equity.

Headstart creates e-learning programs and owns the digital education portal Guru.lk, a stock exchange filing said.

Dialog said its fully-owned subsidiary Digital Holdings Lanka (Private) Limited now controls 50.59% of Headstart.

The conversion of bonds which raised its stake in Headstart was effected on 1 January 2018.

(COLOMBO, January 18, 2018)

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