Cargills invests Rs. 1.5 b in banking subsidiary

Cargills (Ceylon) PLC has invested Rs. 1.5 billion more in its subsidiary Cargills Bank Ltd.

The investment is via taking up 15 million debentures of Rs. 100 each in BASEL III Additional Tier 1 compliant perpetual debenture issue of the bank.

The unlisted Cargills Bank is an associate of Cargills Ceylon PLC.