Sri Lanka Janashakthi gets shareholder nod for Rs3.3bn cash call

ECONOMYNEXT – Sri Lanka’s Janashakthi Insurance Plc said shareholders had given the nod to raised 3.35 billion rupees from a cash call to buy a genera insurer. Janashakthi has already reached a deal with AIA Insurance to buy its general insurance unit. Janashakthi will issue 181.5 million new shares for every two held, at 18.50 rupees. (Colombo/Oct16/2015)

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