Carsons in share buyback
View(s):Carson Cumberbatch Group has announced a share buy back of two subsidiaries, Ceylon Investment PLC and Ceylon Guardian Investment Trust PLC.
Carsons is offering a premium of up to 90 per cent over existing market price per share, which is a break from what has been standard practice in
Sri Lanka to offer at the existing price, company officials said.
Up to 491,000 shares from Ceylon Guardian will be repurchased at around Rs. 100 million, whilst Ceylon Investment will see around 993,500 shares repurchased at around Rs. 102 million.
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