Cargills Bank Ltd, the majority shareholder of Colombo Trust Finance PLC, has sold its 80.34% stake in the company today (12), according to sources.
A total of 37,374,598 shares of Colombo Trust Finance have been sold at the price of Rs 28.70 per share.
The total value of the transaction was Rs. 1,072,650,962.60.
According to sources, the buying party is one the largest telecommunications service providers in Sri Lanka.
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