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LOLC Securities buys a major stake in Confifi Hotels

Posted by author 3 years ago on May 25th, 2010 12:28 PM and filed under Markets, Stock Market. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

LOLC Securities has purchased 3,119,691 of  Confifi Holdings PLC shares at a price Rs. 210 each.

Accordingly the purchased shares counts for a stake of 43.33% of the Confifi Hotel Holdings PLC.

With this purchase the LOLC Securities is planning to come up with a mandatory offer to buy the remaining shares of the Confifi Hotel Holdings.

 

 

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