Indra buys 1.2% more of Sampath Bank for Rs. 1.2 b from Prabhash

Thursday, 11 April 2024 00:26 - - {{hitsCtrl.values.hits}}

Indra Silva and Prabhash Subasinghe

High networth investor Indra Silva yesterday bought 1.2% additional stake in Sampath Bank for Rs. 1.2 billion from Ayenka Holdings Ltd.

Both Indra and Ayenka are represented on the Board of Sampath Bank via Indra’s son Rushanka Silva and Prabhash Subasinghe respectively.

Indra Silva as at 31 December 2023 held 96 million shares or 8.2% and was the fifth largest shareholder. Ayenka held 116.9 million shares or 9.97% and was the third largest shareholder of Sampath. Dhammika Perera-linked Vallibel One PLC owns 15% and Raynor Silva-linked Phantom Investments holds 10% stake in Sampath.

Yesterday a block of 15 million Sampath Bank shares transacted via a crossing for Rs. 80 each. Overall 17.7 million shares of Sampath traded for Rs. 1.4 billion, accounting for 48% of the turnover. Sampath Bank share price closed at Rs. 81, up by 50 cents from Tuesday.