LOLC increased stake in Commercial Leasing and Finance

Controlling shareholder LOLC increased (on 18.11.2013) its stake in Commercial Leasing and Finance Plc by 2% to 92% with an investment of Rs. 650 million (130 million shares).

The stake amounting to 130 million shares was done above the market at Rs. 5 each via two crossings. Net asset value per share of Commercial Leasing was Rs. 1.31 as at 30 September 2013.

The share price of Commercial Leasing & Finance closed flat at Rs 4.10. As at September 2013, LOLC held 90.62% and the public float was 9%.

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LOLC increased stake in Commercial Leasing and Finance
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