Global Rubber ups stake in SDB to 10%

Global Rubber Industries has increased its stake in SANASA Development Bank (SDB) to 10%.

This was disclosed by Asia Securities on behalf of its client though the broking firm didn’t reveal the amount of shares purchased.

As at December 31, 2015, Global Rubber was the second largest shareholder in SDB with a 6.94% stake amounting to 2.8 million shares. Largest shareholder of SDB is Dr. T Senthilverl with a combined stake of 14%.

Yesterday 28,407 shares of SDB traded between a high of Rs. 146 and a low of Rs. 142 before closing at Rs. 144.20, up by 2.10.

On Monday 65,000 SDB shares traded between a high of Rs. 144.70 and a low of Rs. 142.