Bimputh Lanka pursues legal action against liquidation order

By Hiran H Senewiratne

The Commercial High Court of Colombo has delivered a ruling to liquidate Bimputh Lanka Investments PLC, the company said, adding that it has appealed against this order.

“Bimputh Lanka Investments has appealed against this order under case no.SC/HC/LA 12/2025 at the Supreme Court and is pending to be taken,” the company said it the CSE filing.

Case no. CHC/41/2024/CO filed against Bimputh Lanka Investments PLC was brought by Housing Development Finance Corporation Bank of Sri Lanka (HDFC).

Apart from that CSE yesterday indicated mixed reactions owing to the global markets downturn due US President Donald Trump New tax imposition have negatively impacted other markets, which also created some impact on the CSE as well.

Amid those developments both indices shown mixe reactions. All Share Price Index down by 0.7 points while S and P SL20 up by 7.7 points

Turnover stood at Rs 1.08 billion with a single crossings. That crossing reported in Agarpathana Plantations, which crossed 5.5 million shares to the tune of Rs 72.6 million and its share price traded at Rs 13.2.

In the retail market top six companies that have mainly contributed to the turnover were HNB Rs 95.5 million (309,000 shares traded), Haylays Rs 70.6 million (513,000 shares traded), Hemas Rs 51.6 million (424,000 shares traded), Sampath Bank Rs 51.4 million (424,000 shares traded), Lion Brewery Rs 44.1 million (35000 shares traded) and Watawela Plantations Rs 41.3 million (1.4 million shares traded).During the day 176 million shares volumes changed hands in 12193 transactions.

It is said that banking and Plantations sector counters were active at the market floor.

Yesterday Central Bank announced the US Dollar rate. The rupee was quoted at Rs 295.50/55 to the US dollar in the spot market , weaker from Rs 295.40/45 Wednesday, dealers said, while bond yields were flat.

A bond maturing on 01.07.2028 was quoted at 10.10/18 percent, up from 10.15/18 percent.

A bond maturing on 15.10.2028 was quoted at 10.25/30 percent, down from 10.35/40 percent.

A bond maturing on 15.12.2029 was quoted at 10.62/68 percent.

A bond maturing on 15.10.2030 was quoted at 10.85/95 percent, up from 10.89/92 percent.

A bond maturing on 15.12.2032 was quoted at 11.33/40 percent.