From the sources close to some of Sri Lanka’s High time investors, CSE Leaks learns that Insuring family, Schaffters owned Dunamis Capital PLC (CSEC) former Kshatriya Holdings is going for a large scale private placement to raise funds for the group’s future expansions.
At recent times Dunamis had shed its many shell companies while the company had also gone for a rights issue offering 24.59 million shares at Rs.10 per Right to raise Rs.245.99 million. Meanwhile Janashakthi Insurance in a filling to Stock Exchange on January 20, 2011 said that the it had increased the ownership of Dunamis Capital to 21.32%.
