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Ishara's sell-off of HNB X shares boosts CSE turnover to Rs. 17 b
Daily FT
|July 17, 2025
Browns Investments figures in 39.3 m trade of HNB non-voting shares for Rs. 10.8 b
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THE sale of Ishara Nanayakkara's non-voting shares of Hatton National Bank (HNB) yesterday boosted turnover at the Colombo stock market to over Rs. 17 billion, though indices were down due to profit-taking.
HNB saw 39.3 million of its NonVoting (X) shares traded yesterday for Rs. 10.78 billion, accounting for 63% of turnover. This included 207 crossings of 38.5 million shares at Rs. 280 each.
Buyers of HNB.X were widespread.
Ishara via Browns Investments (BIL) held 53.14 million non-voting shares of HNB, accounting for 45.87% of its total as at 31 March 2025. It is believed that with yesterday's sale, Ishara has no direct holdings in HNB.
On 27 May, Ishara first sold the 9.9% voting stake of HNB held by BIL for Rs. 14 billion to business tycoon Nandana Lokuwithana. The HNB voting share price closed that day at Rs. 319.50, whereas yesterday it was Rs. 359.50.
Dit verhaal komt uit de July 17, 2025-editie van Daily FT.
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