By Ravi Ladduwahetty
Ceylon Finance Today: Veteran stock market player Ajith Devasurendra – led Arc Capital has transferred around 28 million shares amounting to a 9% stake in Pan Asia Banking Corporation to another company in which he has an equity stake.
The joint venture company to which he has transferred the funds, is a corporate which has as its shareholders, Rosewood Ltd, an apparel venture company owned by the Hirdramani Group and the Galle Face Hotel Group, top market sources told the Ceylon FT.
Devasurendra was not available for comment despite repeated attempts to reach him.
www.ceylontoday.lk
Ceylon Finance Today: Veteran stock market player Ajith Devasurendra – led Arc Capital has transferred around 28 million shares amounting to a 9% stake in Pan Asia Banking Corporation to another company in which he has an equity stake.
The joint venture company to which he has transferred the funds, is a corporate which has as its shareholders, Rosewood Ltd, an apparel venture company owned by the Hirdramani Group and the Galle Face Hotel Group, top market sources told the Ceylon FT.
Devasurendra was not available for comment despite repeated attempts to reach him.
www.ceylontoday.lk
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