The Softlogic Group, through its subsidiary Softlogic Capital bought 100% in Arrenga Capital, a newly launched stockbrokering firm for Rs 200 million on Thursday, after a near two month due diligence. Ashok Pathirage, Chairman Softlogic told the Business Times that the group has completed its acquisitions in the financial sector and is now looking to consolidate this sector.
“We may rebrand the company at a later stage,” he said. Softlogic bought into Capital Reach Holdings Ltd (CRHL) in August 2010 and rebranded the firm as Softlogic Capital. At the time Mr. Pathirage said Softlogic Capital will go into insurance, asset management, etc and that plans are to set up a stockbroking firm through Softlogic Capital. (DEC) |
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