IIFL gets big deal

Relatively newcomer IIFL Securities Ceylon (Pvt) Ltd., has managed to be the broker for the mega deal involving the transfer of DCSL’s 16% stake in Spence to Melstacorp.

IIFL which had given the best quote within the negotiated brokerage platform is among three select brokers with whom DCSL Group deals with of late in a market of 28 brokers.

IIFL...

With a value of Rs. 7.08 billion, it is one of the largest in post-war Bourse. The largest was Malaysian sovereign fund Khazana buying 8.8% stake of JKH for Rs. 14.5 billion in March.