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)