Connect with us

Business

Piramal Glass transfers 22 per cent of shares to Mumbai’s PGP Glass in stock market-boosting transaction

Published

on

By Hiran H.Senewiratne

Piramal Glass Pvt Ltd, a major shareholder of Piramal Glass Ceylon Plc, transferred 210.9 million or 22 percent of its shares to PGP Glass Pvt Ltd. on July 13, 2021, subject to a mandatory offer made to PGP Glass after the transfer, stock market analysts said, while outlining important CSE developments yesterday.

Piramal Glass Pvt Ltd sold 536,331,880 shares or 56.45 percent of its shares at a price of Rs. 11.60 each in March this year. The total value of this transaction is Rs. 6.22 billion. With this new transfer of shares to PGP Glass, the latter’s stake will increase to 747 million voting shares, which is equivalent to 78.6 per cent out of the total shareholding, analysts said.

PGP Glass Pvt. Ltd. is an unlisted private company in India. It was incorporated on November 6, 2020, and is located in Mumbai City, Maharashtra.

Meanwhile, in the recent right issue that took place at SMB Leasing Plc. on March 31, 2021, a well known business personality, Ravi Wijeratne, had increased his stake in the company to 64 percent from 16.3 percent. Initially he owned 194.9 million shares or 16.3 percent but after purchasing 3.97 billion shares his stakes moved to 64.5 percent. Wijeratne, being the largest shareholder of the company, is liable to make a mandatory offer to shareholders at a share price of 35 cents, stock market analysts said.

Amid those developments, both CSE indices moved upwards. All Share Price Index went up by 48.3 points and S and P SL20 rose by 19.3 points. Turnover stood at Rs 1.94 billion with two major crossings. Those crossings took place in Access Engineering and Lee Hedges. In Access Engineering one million shares crossed for Rs. 23 million, its shares traded at Rs. 23 and Lee Hedges, 300,000 shares crossed for Rs. 21 million, its shares traded at Rs. 70.

In the retail market top five companies that mainly contributed to the turnover were; Sunshine Holdings Rs. 190.5 million (7.58 million shares traded), LOLC Holdings Rs. 141 million (332,000 shares traded), Eden Hotel Rs. 115.7 million (8.2 million shares traded), Expolanka Rs.. 113.4 million (2.1 million shares traded) and Dipped Products Rs 107.2 million (1.9 million shares traded). During the day 114.8 million share volumes changed hands in 23581 transactions.



Business

Sri Lanka Tourism introduces e-learning platform for all SLTDA registered tourist guides.

Published

on

As an initiative to uplift the reviving tourism industry in the country, Sri Lanka Tourism Development Authority in collaboration with Sri Lanka Institute of Tourism & Hotel Management (SLITHM) have introduced the continuous professional development (CPD) e-learning platform to all registered guides to enhance their knowledge and skills.

The launch of the continuous professional development (CPD) e-learning platform took place this week under the patronage of Minister of Tourism Prasanna Ranatunga, Secretary of the Ministry S. Hettiarachchi and Sri Lanka Tourism Chairperson Kimarli Fernando.

“Tourist guides play an important role in our tourism sector as they spend a lot of time with visitors from arrival to departure. It is important that our guides stay updated on their professional/technical knowledge and I hope this e-learning platform by Sri Lanka Tourism will help them enhance their knowledge and skills” Sri Lanka Tourism Chairperson Kimarli Fernando shared while the Minister congratulated all the officials who were involved in bringing this initiative to reality.

Knowledge improvement, obtaining expertise knowledge from veterans, develop active participation with guests, improve the link between Tourism institutions & guides are some key objectives of this e-learning platform.

If you are a registered guide with SLTDA, you can now sign up on https://sltda.gov.lk/e-learning/login and avail of the online courses.

A certificate of completion will be given at the end of the course from SLTDA and SLITHM.

 

 

Continue Reading

Business

Impact of Climate Change on marine and fresh water resources and combating water pollution

Published

on

Trilateral virtual dialogue among Pathfinder Foundation, Russian International Affairs Council and Asian Confluence

The Pathfinder Foundation (PF) has initiated a trilateral dialogue involving Sri Lanka, India and the Russian Federation to discuss issues of contemporary relevance. The first trilateral dialogue will be held to day 4:30 PM SLST on the “Impact of Climate Change on Marine and Fresh Water Resources and Combating Water Pollution: Best Practices from Russia, Sri Lanka and India”.

For this dialogue, Pathfinder Foundation will be partnering with Russian International Affairs Council and Asian Confluence.

The distinguished panellists for the webinar are, Ambassador GlebIvashentsov, Vice President, Russian International Affairs Council, Ambassador (Retd.) Bernard Goonetilleke, Chairman Pathfinder Foundation, Ambassador. IFS(Retd.) Rajiv Kumar Bhatia, Member Governing Council, The Asian Confluence and Distinguished Fellow, Gateway House,Dr. Anastasia Likhacheva, Director, Centre for Comprehensive European and International Studies, Higher Schoolof Economics, Dr. B. V. R. Punyawardena, Chairman, National Steering Committee on Climate Change Adaptation, Governmentof Sri Lanka, Dr. Fraddry D’Souza, Area ConvenerandFellow, The Coastal Ecology & Marine Resources Centre, TERI Goa,India , Dr. Konstantin Zgurovsky, Senior Advisor, Marine Programme, WWF Russia, Mr. Sarath Premalal, Retired Director General of Meteorology of Sri Lanka and Prof. Vinay Kumar Dadhwal, Director, Indian Institute of Space Science and Technology Professor Indira Gandhi Chair, National Institute of Advanced Studies, India

Those who are interested in participating may kindly register at the following link; https://bit.ly/3AZbYAN Program details are available at https://bit.ly/3zdUkY3 . The event will also be live streamed on the PF Facebook Page https://www.facebook.com/pathfinderfoundation/

 

 

Continue Reading

Business

Doc990 and MyDoctor partner SLVA to extend accessible veterinary services islandwide

Published

on

Sri Lanka’s premier digital health solutions service providers, Doc990 and MyDoctor are now enabling customers to access online veterinary services island-wide in partnership with the Sri Lanka Veterinary Association.

The national professional body serving and representing the interests of the veterinary profession in Sri Lanka, the Sri Lanka Veterinary Association (SLVA), is dedicated to providing continued excellence within the profession of animal medicine and the provision of outstanding care for all animals while also actively creating public awareness of the contribution of veterinarians island-wide.

This collaborative effort with Doc990 and MyDoctor will bring pet owners, owners of farm animals and good Samaritans the ability to access remote video consultations with leading, specialist veterinarians of their choosing, without the hassle of physically entering hospital waiting rooms, transporting animals etc. This timely, contactless service will not only be convenient but also a relief to pet owners and caretakers in the backdrop of travel restrictions as a result of the ongoing global pandemic.

Customers can engage in video consultations with their chosen vet by downloading the Doc990 mobile app from the Google Play Store or the Apple Store. Through its widening network of hospitals and medical services, Doc990 strives to make health care accessible and convenient for all Sri Lankans.

 

 

Continue Reading

Trending