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Pays a another Rs. 1.4 bn to UDA:
Krrish makes further commitment
Krrish, one of the leading Indian Real Estate
Developers who are building Sri Lanka’s tallest twin Tower multi
functional complex has advanced a further payment of Rs. 1.4
billion. With the initial payment they made to the Urban Development
Authority (UDA) the Indian company had now advanced over Rs. 2
million towards this Rs. 10 bilion venture.
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European financial institutions to invest in AAI
Europe’s leading development financial
institutions, Deutsche Investitions - Und Entwicklungsgesellschaft
Mbh of Germany (DEG) and Netherlandse Financierings –Maatschappij
Voor Ontwikkelingslanden N.V of Netherlands (FMO), yesterday signed
an agreement with Asian Alliance Insurance (AAI), to invest in AAI.
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Fitch rates Distilleries Company of Sri Lanka at ‘AAA (lka)/Stable’
Fitch Ratings has assigned a ‘AAA(lka)’ National
Long-Term rating to Distilleries Company of Sri Lanka PLC (DIST).
The rating Outlook is Stable. DIST’s rating is driven by its market
leadership in the domestic alcoholic beverages (spirits) industry,
the relatively inelastic demand for spirits through economic cycles,
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