Nation Lanka complies with CBSL

Nation Lanka Finance PLC has been able to comply with the Finance Leasing Gearing ratio (No 04 of 2006) of the Central Bank of Sri Lanka, a CSE filing said. The company making an announcement to CSE said it is now permitted to mobilize funds through the issuance of Debt Instrument under Finance Leasing (Debt Instruments) Direction No 01 of 2007 of CBSL.

The company was able to meet this compliance with the infusion of capital through the private placement and Rights Issue of shares.

Meanwhile, the closing date of the mandatory offer made by the Investor Access Equities Private Limited to shareholders of National Lanka Finance PLC has been extended to May 26, a CSE filing said.