Amana Bank buys 15% of Takaful for Rs. 300 m

Thursday, 28 July 2011 01:24 - - {{hitsCtrl.values.hits}}

Amana Bank Ltd., has acquired 150 million shares amounting to 15% stake in Amana Takaful Plc for Rs. 300 million.

The acquisition was done yesterday via a crossing at Rs. 2 per share. Amana Takaful share closed unchanged at Rs. 2.10 after hitting a high of Rs. 2.20.

In a related development, the Amana Bank will have its ceremonial opening on Friday at 4.30 p.m. at its premises on 480, Galle Road, Colombo 3. It will officially open for business from 1 August.