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» Obituary Notice.
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Jan 14, 2020 4:14 pm by ipo

» LOLC Holdings
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Jan 13, 2020 6:04 pm by smallville

» SEYB.N0000 (Seylan Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Jan 12, 2020 10:06 pm by subash

» Happy Birthday
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Jan 12, 2020 9:16 pm by lanka

» In the Meantime, Within Our Shores !
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Jan 12, 2020 10:46 am by කිත්සිරි ද සිල්වා

» අසාදුගත ව්‍යාපාරිකයින්ට රජයෙන් දුන් සහනය මෙන්න
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Jan 10, 2020 9:42 am by කිත්සිරි ද සිල්වා

» ශ්‍රී ලංකා කොටස් වෙළෙඳපොළ ඉතිහාසයේ දෙවැනි විශාලතම කොටස් ගනුදෙනුව අද
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Jan 09, 2020 9:59 pm by nihal123

» Hayleys MGT
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Jan 09, 2020 5:40 pm by subash

» Browns Investments update
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Jan 09, 2020 10:42 am by The Invisible

» Gota's Era
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Jan 09, 2020 9:53 am by yellow knife

» Tokyo Cement
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:48 pm by The Invisible

» Lanka Tiles
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:44 pm by The Invisible

» RCL - Royal Ceramics
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:39 pm by The Invisible

» AEL Access Engineering
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:30 pm by The Invisible

» Sri Lanka central bank to develop a cost-based rate to price loans
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:21 pm by The Invisible

» Dialog Finance
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 10:19 pm by The Invisible

» LIOC.N0000 (Lanka IOC PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 08, 2020 4:32 pm by LSE

» Tourism Sector
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Jan 07, 2020 2:05 pm by nihal123

» Expolanka
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Jan 07, 2020 1:18 am by Afourer

» Cartoon Today
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Jan 06, 2020 2:41 pm by කිත්සිරි ද සිල්වා

» කොළඹ කොටස් හුවමාරුවෙහි නවතම ජංගම දුරකථන යෙදුම
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Jan 04, 2020 7:36 pm by spw19721

» ඉරානයට කළ ප්‍රහාරයෙන් පසු යුරෝපයේ කොටස් වෙළඳපොළ රැසක් පහළ වැටෙයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Jan 04, 2020 1:30 pm by nihal123

» VAT අදාළ නැති කට්ටිය මෙන්න. 50,000 ක ලැයිස්තුවක්
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Jan 03, 2020 11:55 am by nihal123

» How to get Access to: 104 Technical trading experiments by HUNTER
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Jan 02, 2020 9:20 am by Admin

» ලංකාවේ ලොකුම සමාගම මෙන්න. දුම්කොළ සමාගම අභිබවමින් ජෝන් කීල්ස් යළිත් පෙරමුණට
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 7:48 pm by Rana

» Thread for News on CSE and SL Economy
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 7:42 pm by nihal123

» Sri Lanka’s LOLC Prepares to Sell Its Biggest Overseas Unit
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 4:43 pm by nuwanmja

» Sri Lanka’s Cargills, Sampath, DFCC Bank says met lending rate ceilings
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 4:26 pm by NIRMALSG

» Dividend Announcement
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 1:16 pm by smallville

» Sri Lanka bank bad loans spike to 4.9-pct, non-banks 9.7-pct in Sept
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Jan 01, 2020 9:29 am by The Invisible

» People’s Bank, Sampath, and DFCC face penalties
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 31, 2019 6:33 pm by nihal123

» NDB.N0000 (National Development Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 31, 2019 1:55 am by Trend

» COMB.N0000 (Commercial Bank of Ceylon PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Dec 26, 2019 9:23 pm by spw19721

» Thought for the day...
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Dec 26, 2019 3:41 pm by Topcat

» ඩොක්ටර් ඒලියන්ත වයිට්
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Dec 26, 2019 9:15 am by කිත්සිරි ද සිල්වා

» Why (Happy) People Cheat?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Dec 25, 2019 8:34 pm by pjrngroup

» Who killed Cock Robin?
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Dec 25, 2019 8:33 pm by pjrngroup

» 65 Ways to Make Money Online
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 24, 2019 9:24 am by Topcat

» සුළු හා මධ්‍ය පරිමාණ ව්‍යාපාරිකයින් ලබාගත් ණය අයකර ගැනීම අත්හිටුවන්න
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 24, 2019 8:50 am by Topcat

» ACL Cables
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Dec 21, 2019 5:34 am by NIRMALSG

» Sri Lanka to up employer EPF contribution to 15-pct, start social security fund
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Dec 18, 2019 2:46 pm by The Invisible

» රාජ්‍ය සමාගම් කොටස් වෙළෙඳපොළට ගෙන ආ යුතුයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Dec 13, 2019 12:37 pm by serene

» Sri Lanka can resume high growth path, cut more taxes: Mark Mobius
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Dec 12, 2019 9:29 am by The Alchemist

» රතු වැටෙනකොට
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Dec 11, 2019 2:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka interest rates should go down, currency will not fall: Mark Mobius
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Dec 11, 2019 11:18 am by The Invisible

» Equation of Happiness Solved
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 10, 2019 5:23 pm by Backstage

» තැරැව්කාර සමාගමකට එරෙහිව කොටස් වෙළෙඳපොළ විනය ක්‍රියාමාර්ග ගනී
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Dec 10, 2019 12:31 pm by Rana

» PABC.N0000 (Pan Asia Banking Corporation PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Dec 09, 2019 6:41 pm by soileconomy

» East West properties
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Dec 09, 2019 10:01 am by LSE

» MHDL Millennium Housing
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Dec 07, 2019 12:35 pm by pure equity

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SFL.N0000 (Sinhaputhra Finance PLC)

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SFL.N0000 (Sinhaputhra Finance PLC) Empty SFL.N0000 (Sinhaputhra Finance PLC)

Post by yellow knife on Thu Sep 22, 2016 3:43 pm

This is a finance company where 25.65% of it belongs to Bimputh Finance PLC.

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Post by yellow knife on Thu Sep 22, 2016 3:45 pm

Shares were subdivided in a proportion of 10 for 1 in 2015

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Post by yellow knife on Thu Sep 22, 2016 3:46 pm

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SFL.N0000 (Sinhaputhra Finance PLC) Empty Re: SFL.N0000 (Sinhaputhra Finance PLC)

Post by yellow knife on Thu Sep 22, 2016 3:48 pm

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Post by spw19721 on Thu Sep 22, 2016 5:34 pm

Thanks Yk, Do you have any idea about the sudden movement ?
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Post by ruwan326 on Fri Nov 22, 2019 12:11 pm

ඊයේ කළු සුද්දෝ එකතුකරනකොට මන් හිතුවා "ගොනා හැරෙන්නේ SFL එකට කියලා "

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SFL.N0000 (Sinhaputhra Finance PLC) Empty Re: SFL.N0000 (Sinhaputhra Finance PLC)

Post by The Invisible on Thu Dec 05, 2019 9:26 pm

Singhe Capital Investment buys control of Sri Lanka’s Sinhaputhra Finance



ECONOMYNEXT- Singhe Capital Investment (Pvt) Ltd, an investment firm led by a consortium of individual investors had bought control of Sinhaputra Finance Limited with the intention of injecting fresh capital into the troubled finance company, persons familiar with the deal said.

The sale was part of a capital infusion strategy that had been in negotiation for some time, a company official said.

The deal was structured by NDB Investment Bank.

Managing Director/Chief Executive Ravana Wijeyeratne was the seller, disposing his entire stake of 50.36 percent in Sinhaputhra Finance at 9.50 rupees a share in a negotiated deal.

A mandatory offer is expected to made shortly to buy out minority shareholders according to Sri Lanka’s listing rules.

Some of the investors in the consortium had also backed the purchase of City Finance, another small finance company, market sources said.

The central bank had issued notice to cancel the license of Sinhaputhra Finance in July, and the company, along with the group of new investors had submitted plans for the capital infusion strategy in July and August, the firm said in its annual report.

The central bank had accepted the strategy in September and decided not to proceed with the cancellation of license.

The firm had said that the new investors would infuse another 2.23 billion rupees in stages through rights issues and internally generated eligible reserves.

Sinhaputhra Finance accounts showed that it core capital adequacy ratio was 1.02 percent at end-September, down from 1.76 percent six months earlier, against a regulatory requirement of 7 percent.



See Also


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Sri Lanka's Hambantota port sees more vehicle transshipment



Ceylon Cold Stores drags down Sri Lanka stocks



Sri Lanka scraps licences for transport of sand, clay and gravel



Sri Lanka reduces foreign employment registration fees














The capital adequacy ratio had eroded to 1.28 percent in September from 5.88 percent six months earlier against a required 11 percent.

The firm had 24.48 percent in bad loans, up from 21.25 percent, while the non-banking finance industry average was 9.69 percent.

Bad loans have been rising sharply among Sri Lankan banks and finance firms in the wake of two currency collapses in quick succession.

Sinhaputhra Finance posted 12.6 million rupees in profits for the September quarter, up from 10.4 million rupees a year earlier, although the firm had 156.4 million rupees in retained losses. (Colombo/Dec04/2019)
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