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Hardy buys 7% in Softlogic Finance for Rs. 325 m; company returns to Main Board
Daily FT
|March 06, 2026
YOUNG investor Hardy Jamaldeen has acquired around a 7% stake in Softlogic Finance PLC from parent Softlogic Capital PLC for over Rs. 325 million.
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As per a disclosure to the Colombo Stock Exchange (CSE), Softlogic Capital PLC via multiple transactions on 27 February sold down to an 81.71% stake as against 91.49% previously.
On 27 February, the Softlogic Finance share trading turnover was Rs. 654 million, accounting for 9% of the total. Of that, Hardy purchased 65.38 million shares or 6.79% stake at Rs. 5 per share. That purchase triggered retail interest, pushing the Softlogic Finance share price to a high of Rs. 7.10. It is the biggest holding of Hardy outside his mainstay Lanka Realty Investments PLC, which owns 51% stake in On'ally Holdings PLC.
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