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DFCC Bank said to be selling its 50 percent stake in Acuity Partners to HNB

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By Hiran H.Senewiratne

DFCC Bank PLC announced it would be selling its 50 percent stake in Acuity Partners (Pvt) Ltd to Hatton National Bank (HNB) for Rs 7 billion, informed sources said.

Acuity Partners (Pvt) Ltd is a joint venture between DFCC Bank and HNB. The board granted approval on August 30, “to sell 50 percent of the issued and fully paid up shares of Acuity Partners (Pvt) Ltd to HNB for a total price consideration of Rs 7 billion, stock market sources said.

With the sale, DFCC Bank would be divesting its entire shareholding (50 percent of the shares) in Acuity Partners to HNB.

“In the event the above transaction is successfully completed, HNB will be the sole shareholder of Acuity Partners (Pvt) Ltd and will carry on its investment banking business through that company, sources said.

Meanwhile, both indices in the stock market indicated a downward trend for 11 consecutive days due to growing concern among investment circles that any transfer of state power would create policy inconsistencies, CSE sources said.

The All Share Price Index went down by 152.8 points while S and P SL20 declined by 3.59 points. Turnover stood at Rs 615 million with one crossing. The crossing was reported in Hayleys which crossed 500,000 shares to the tune of Rs 44 million; its shares traded at Rs 88.

In the retail market companies that mainly contributed to the turnover were; JKH Rs 94.8 million (564,000 shares traded), Grain Elevators Rs 26.8 million (173,000 shares traded), Commercial Bank Rs 26.7 million (313,000 shares traded), Sampath Bank Rs 23.3 million (335,000 shares traded), HNB Rs 21.1 million (127,000 shares traded), Chevron Lubricants Rs 18.8 million (160,000 shares traded) and LOLC Finance Rs 18.3 million (3.7 million shares traded). During the day 30.4 million share volumes changed hands in 11400 transactions.

The rupee appreciated to open at Rs 298.80/299.10 to the US dollar, dealers said. Longer tenor bonds were seeing yields edge up further, they said, and stocks opened down 0.27 percent.

The rupee closed at Rs 299.20/60 to the greenback on Friday. Of the actively traded bonds, a bond maturing on 15.12.2026 was quoted at 11.00/05 percent, down from 11.15/25 percent. A bond maturing on 01.07.2028 was quoted at 13.00/05 percent, up from 12.80/95 percent.



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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SLT-MOBITEL Enterprise launches Premium Cloud

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Riyaaz Rasheed, CEO, SLT-MOBITEL, and Faiz Shakir, VP Sales – Nutanix, Southern Asia, unveil SLT-MOBITEL Enterprise Premium Cloud Powered by Nutanix to support enterprise digital transformation

SLT-MOBITEL Enterprise, the enterprise services arm of Sri Lanka Telecom PLC, has launched its Premium Cloud service powered by Nutanix, aimed at helping Sri Lankan businesses modernise their IT infrastructure and accelerate digital transformation.

The service was unveiled at the Lanka Tech Summit 2026 held recently at ITC Ratnadipa, Colombo.

The Premium Cloud combines hybrid multi-cloud capabilities with enterprise-grade performance, enabling businesses to run mission-critical workloads, scale cloud deployments and strengthen business continuity through disaster recovery capabilities.

Hosted on SLT-MOBITEL’s Tier III data centre infrastructure, the platform is designed to provide enhanced security, reliability and flexibility while supporting the growing technology requirements of enterprises.

SLT-MOBITEL Enterprise said the platform would also support organisations seeking to adopt AI-ready capabilities and improve the management and performance of IT workloads.

A key feature of the launch was SLT-MOBITEL Enterprise joining the Nutanix Elevate Service Provider Program (NESPP), which the company said made it the first service provider in the region to join the programme.

Powered by Nutanix’s hybrid multicloud platform, the service enables application and data mobility across on-premises environments, public clouds and edge locations.

The company said the partnership combined Nutanix’s cloud technology with SLT-MOBITEL’s local expertise and support, strengthening its multi-cloud portfolio.

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