Sources familiar with the transaction told Business Daily that IFC will acquire the shares at a price of Sh55 each based on negotiations with the insurer.
The Commercial Bank of Ceylon has retained its long-established status as the highest-ranked bank in the ‘Business Today’ ranking of Sri Lanka’s best-performing companies in 2020-21 and is placed third in the overall ranking this year, which for the first time comprises of 40 entities. This is the 13th consecutive year that the Bank has.
IFC Equity Investment in Federal Bank to Promote Green Recovery, Improve Access to Finance for Smaller Businesses equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
World Bank arm IFC holds nearly 5% stake in Federal Bank with Rs 916 crore capital infusion indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.