Janus Capital Management, a US based fund in a statement to the Colombo Stock Exchange said on Friday that it has bought 12.23 % of Sri Lanka's John Keells Holdings (JKH).
Analysts said that shortly after Raj Rajaratnam and his Galleon asset management group started to sell out of the firm to Janus, the firm had lapped up the shares. Janus Capital said it had 74.9 million shares or 12.23 % out of a total of 613.1 million JKH shares and that they were holding the JKH stake on behalf of clients and had no economic interest in the share in the form of either dividends or eventual sale proceeds. Janus is now the second largest shareholder at JKH after the Captains (family) who has 27%. |
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