Milford Ceylon Pvt Ltd., a Mauritius-based fund yesterday bought a 19 percent stake in Softlogic Life Insurance PLC for Rs. 2.6 billion.
Shares amounting to 71.25 million shares was acquired at 37.00 rupees each, the company said in a stock exchange filing, Thursday.
The seller was DEG or State Street Munich C/o SSBT-DEG-Deutsche Investitions-UND Entwicklungsgesellschaf MBH.
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Softlogic Life closed unchanged at 37.30 rupees.
