Wednesday, December 23, 2020

JKH given deadlines on NTB divestment

The Monetary Board of CBSL has permitted the John Keells Group to retain its current shareholding of 29.9 percent in the voting shares of Nations Trust Bank (NTB) until 31st December 2021 and to reduce it to 20 percent on or before that date and to 15 percent on or before 31 December 2022. Including the non-voting shares, the Group currently has an economic interest of 32.57 percent in NTB.

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