Sri Lanka’s Bank of Ceylon sells out of Mireka Capital Land

ECONOMYNEXT – Sri Lanka’s Overseas Realty (Ceylon) Plc, said it had bought a 40percent stake in a property unit from state-run Bank of Ceylon boosting its stake to 100 percent.

Overseas Realty said it had paid 3.88 billion rupees to buy the 40 percent stake in Mireka Capital Land Ltd.

Mireka Capital Land is involved in Colombo’s Havelock City property project.

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