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Nandana nestles on top of HNB with Rs. 14 b buy of Ishara's 9.9% stake
May 28, 2025
|Daily FT
EXPANDING his business empire, low profile tycoon Nandana Lokuwithana yesterday forayed into commercial banking, investing over Rs. 14 billion to buy a strategic voting 10% stake in Hatton National Bank (HNB).
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Lokuwithana owns Onyx Group Of Companies based in the UAE and Sri Lanka with extensive interests in steel manufacturing (Lanwa), construction, real estate, and hospitality. He also owns Ferentino Tyre Corporation, a leading brand in Sri Lanka with growing exports.
He bought the stake from another tycoon Ishara Nanayakkara controlled Browns Investments PLC (BIL). BIL said it sold its block of voting 9.99% stake or 45.53 million shares at a price range of Rs. 305 and Rs. 313 per share.
هذه القصة من طبعة May 28, 2025 من Daily FT.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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