- Last Update 2024-07-18 23:24:00
HNB and related parties snub DFCC Rights Issue at EGM
Banking circles are dismayed and disappointed over Hatton National Bank (HNB) snubbing fellow DFCC Bank's capital raising exercise at Wednesday's Extra Ordinary General Meeting (EGM) in Colombo.
DFCC's Rs. 6 billion Rights Issue was passed at the EGM with votes by the Bank of Ceylon (BOC), Sri Lanka Insurance Corporation (SLIC), Employer's Trust Fund (ETF) and National Savings Bank (NSB).
HNB with 15 per cent in DFCC, top businessman, Harry Jayawardena with 8 per cent and investor, M.A. Yaseen with 10 per cent cast voted against the resolution to approve the Rights.
It was passed with 54 voting in favour and 45 against out of proxies received.
Without this capital DFCC cannot sustain and industry officials were alarmed at how blatantly the smaller entity was exposed to be at the mercy of larger shareholders so they can make a bid for DFCC. (DEC)
-
Still No Comments Posted.
- July 11, 2024 - 1256 - 0
Colombo Fort Magistrate interdicted
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
- July 16, 2024 - 310 - 0
MP on open warrant turns up at school event
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
- July 12, 2024 - 277 - 0
SC refuses interim order on Judges appointments
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
- July 10, 2024 - 275 - 0
Deadline extended for G.C.E. A/L applications
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
- July 12, 2024 - 191 - 0
Gazette on new speed limit regulations to be issued within two weeks
Gazette on new speed limit regulations to be issued within two weeks
Related Articles
Justice Minister orders to suspend issuing of gazette on 22nd Amendment
- 18/07/2024 - 55 - 0
Senior DIG Nilantha Jayawardena sent on compulsory leave
- 18/07/2024 - 82 - 0
IN PIX: News Pictures of the week
- 18/07/2024 - 15 - 0
DWC calls for support of public to protect marine life
- 18/07/2024 - 40 - 0
Leave Comments