The Ministry of Finance on Wednesday announced that two Chinese and Indian companies have qualified to acquire the majority shares of Sri Lanka Telecom.
Earlier India’s Jio Platforms and China’s Gotune International Investment Holdings and UK’s Leica Group’s Pettigo Comercio International (Aliraja) had submitted bids to buy majority stakes in the telecom company.
Of the three, the pre-qualified bidders are China’s Gotune International Investment Holdings and India’s Jio Platform.
Necessary measures are being taken to divest 50.23 per cent of shares owned by the government in Sri Lanka Telecom to a private company, the ministry said.
The Government acting through the Ministry of Finance, had recently called for Request for Qualification (RFQs) from potential investors for the divestiture of its shares in Sri Lanka Telecom PLC.
The deadline for submission of proposals ended at 2 pm on January 12, 2024.
Accordingly, the Cabinet Appointed Special Project Committee (SPCC) and the Special Cabinet Appointed Negotiating Committee (SpCANC) have pre-qualified India’s Jio Platforms, a subsidiary of Reliance Industries Ltd. owned by Indian billionaire Mukesh Ambani, and China’s Gortune International Investment Holdings as bidders for the RFP stage.
The International Finance Corporation (IFC) acts as the Transaction Advisor for the divestiture of shares held by the Government in Sri Lanka Telecom PLC. (Bandula)
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
The Government today tabled in the House the Report of the Commission to Inquiry into the Establishment and Maintenance of Unlawful Places of Detention and Torture Chambers in the Batalanda Housing Scheme.
Former President Ranil Wickremesinghe said today he wholly rejects the Batalanda Commission report and that it was appointed wholly with the intention slinging political mud at him.
Leader of the National People’s Party (NPP) and one time Propaganda Secretary of the JVP Wimal Weerawansa accused the Government of bringing back the “Batalanda Commission” for a media spectacle instead of a genuine concern for those who suffered during the 1988-1990 period.
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