Ambeon Capital increases stake in Ceylon Hotels Corporation; CSE indices decline

Ambeon Capital acquired 3.95 percent of the ordinary voting shares of Ceylon Hotels Corporation, increasing its stake to 10.79 percent.

- By HirAN H SENEWIRATNE

Ambeon Holdings paid between Rs 35.90 and Rs 36.50 per share, CSE sources said.

Last month Ambeon Capital bought 12,310,543 shares, or a 6.8 percent stake of Ceylon Hotels Corporation PLC for Rs 320 million.

Both CSE indices indicated a downward trend yesterday. The All Share Price Index went down by 127.6 points while the S and P SL20 declined by 40.3 points. Turnover stood at Rs 6.58 billion with 13 crossings. The top seven crossings were reported in Prime Lands where 45.5 million shares crossed to the tune of Rs 1.41 billion; its shares traded at Rs 31, Resus Energy 5.1 million shares crossed to the tune of Rs 213 million; its shares traded at Rs 42.