ODEL, part of the Softlogic Group, has paid Rs. 300 million to acquire the business of retailer Cotton Collection, the Colombo Stock Exchange was informed on Wednesday.
The announcement from ODEL follows a media release issued on Tuesday of Cotton Collection’s acquisition by the Ashok Pathirage-led Softlogic Group making it the largest retailer in Sri Lanka. - Ends -
The Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
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