Janashakthi share buyback pending approval: Sri Lanka regulator
ECONOMYNEXT – Sri Lanka’s insurance regulator has said that a 11 billion rupee share buyback from Janashakthi Insurance has not been approved yet.
"We are currently in the process of reviewing certain information received from JIPLC and as such approval has not, to date been given for same," the Insurance Regulatory Commission of Sri Lanka said in a statement.
The regulator said it had informed the company that the distribution has to be done after approval. (Colombo/Feb28/2018)