The much awaited court order on Sri Lanka Insurance Corporation (SLIC) delivered today. Sri Lanka’s Supreme Court said the privatization of SLIC to listed Distilleries Co (DCSL). of Sri Lanka was illegal & ordered the shares to be transferred to the government. The Supreme Court further ordered government to refund the full purchase price to Distilleries Group. DCSL also allowed retain profit which earned during the period they ran the SLIC. DCSL lost Rs 17.25 to close at Rs 76.75.
ASI was down by 44.13 points (2.02%) to close at 2139.34 while Milanka lost 87.73 points to close at 2384.59. Turnover was Rs 581.1 million. Commercial Bank of Ceylon Plc lost 3.25 to close at Rs 120.00. JKH lost 1.50 to end at Rs 109.50.
Wednesday, June 3, 2009
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