Today Development Finance Corporation (DFCC) the single largest share holder of Commercial Bank of Ceylon Plc (COMB) has announced the selling of 23,431,485 shares in COMB at Rs 250/- per share.
DFCC further said the one-off profit after tax accruing to the DFCC Bank from this transaction is Rs 3,786 million.
DFCC holding in COMB now reduced to 18.67% & hereafter DFCC will account investment in COMB as an Investment Security instead of as an investment in associate company.
DFCC shares traded at Rs 238.00 in early trading, up Rs 29.50. CSE turnover as at 12.30 today was Rs 7.4 billion.

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Filed under: Breaking News • Colombo Stock Market

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