The DFCC Bank has realized a gross capital gain of Rs. 842 million by selling its 9.92 percent stake in Nations Trust Bank PLC on Friday for a consideration of Rs. 2,172 million.
The bank said in a stock exchange in filing that the cost of the investment was Rs. 1,330 million.
Brokers and analysts said that foreign buyers had taken the 22.9 million shares crossed in about five parcels at a price of Rs. 95 a share with one big parcel accounting for 12 million shares and the balance split into four or five parcels.
NTB closed on the trading floor on Friday at Rs. 93.90, up Rs. 3.90 from the previous close, with few shares outside the crossings transacted.
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The bank said in a stock exchange in filing that the cost of the investment was Rs. 1,330 million.
Brokers and analysts said that foreign buyers had taken the 22.9 million shares crossed in about five parcels at a price of Rs. 95 a share with one big parcel accounting for 12 million shares and the balance split into four or five parcels.
NTB closed on the trading floor on Friday at Rs. 93.90, up Rs. 3.90 from the previous close, with few shares outside the crossings transacted.
www.island.lk
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