Sri Lanka’s LOLC Finance sells stake in Commercial Insurance Brokers

• CNL Reporter
• April 2, 2025
• Business News
• LOLC
• 0 Comments

Sri Lanka’s LOLC Finance PLC said it has disposed its 40 percent stake in Commercial Insurance Brokers (Pvt) Limited.

“The Company disposed the entirety stake held in Commercial Insurance Brokers (Pvt) Limited (CIB) (40%) for a consideration of Rs.332,880,000.00 on 31st March 2025,” LOLC Finance said in a stock exchange filing.

The transaction is subject to compliance with regulatory requirement