Breaking News
Shalini
Shalini
May 12 2026
54NDB Bank, the fifth-largest shareholder of Seylan Bank, has fully exited its position in the bank by selling its entire 8.72% shareholding.
The transaction, as executed yesterday (11), involved the transfer of 26,631,495 shares at a price of Rs. 104.00 per share, which amounted to the deal with a total value of around Rs. 2.76 billion.
The buyer of the stake has not yet been publicly disclosed. This divestment marks the complete exit of NDB Bank from its shareholding in Seylan Bank.
Source: The morning
