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» Coronavirus Updates
SFL.N0000 (Sinhaputhra Finance PLC) EmptyToday at 1:19 pm by The Invisible

» Sri Lanka finance companies pressured by Coronavirus: Fitch
SFL.N0000 (Sinhaputhra Finance PLC) EmptyToday at 1:12 pm by The Invisible

» Sri Lanka appeals for forex inflows to combat COVID-19, lifts inward restrictions
SFL.N0000 (Sinhaputhra Finance PLC) EmptyYesterday at 8:49 pm by The Invisible

» Sri Lanka to control imports except oil and medicines, grow vegetables: Minister
SFL.N0000 (Sinhaputhra Finance PLC) EmptyYesterday at 8:48 pm by The Invisible

» ඇඳුම නං නරක නෑ
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Apr 01, 2020 9:48 am by The Invisible

» Thread for News on CSE and SL Economy
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 31, 2020 3:51 pm by The Invisible

» Kagame gives food, free electricity to every household during lockdown
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 31, 2020 10:07 am by කිත්සිරි ද සිල්වා

» MARKET HOLIDAY ON 30TH MARCH 2020
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 29, 2020 10:09 pm by කිත්සිරි ද සිල්වා

» Power of Social Media
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 29, 2020 1:19 pm by කිත්සිරි ද සිල්වා

» මනුස්සකම
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 29, 2020 10:10 am by LSE

» 450 Ivy League courses you can take online right now for free
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 28, 2020 2:32 am by pjrngroup

» Thread for News on International Markets
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 27, 2020 4:12 pm by The Invisible

» අය කළ ණය වාරික නැවත ලබා දෙනවා – මහජන බැංකු සභාපති කියයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 27, 2020 12:02 pm by nihal123

» මේ දුප්පත් රටට ඔබේ ජීවිතය බේරලා දෙන්න උදව් කරන්න.
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 26, 2020 4:26 pm by malanp

» Coronavirus COVID-19 Live update
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 25, 2020 7:59 pm by nihal123

» Anytime Data
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 25, 2020 4:07 pm by pjrngroup

» Films - To Watch List
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 25, 2020 12:05 pm by yellow knife

» US Embassy urges Americans in Sri Lanka to leave
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 25, 2020 8:16 am by The Invisible

» Oil, Gold & Silver Prices
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 24, 2020 9:59 pm by කිත්සිරි ද සිල්වා

» Why we need to practise social distancing
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 24, 2020 8:44 pm by chutiputha

» මුළු දිවයිනටම ඇඳීරි නිතිය
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 24, 2020 8:17 pm by chutiputha

» නමක් ගමක් දන්නෙ නෑ රත්තරන් මනුස්සයෙක්
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 24, 2020 6:01 pm by nihal123

» Amazon today cancelled the subscription of books and audio stories
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 24, 2020 5:33 pm by කිත්සිරි ද සිල්වා

» ජනපතිගෙන් ජනතාවට සහන
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 23, 2020 8:59 pm by කිත්සිරි ද සිල්වා

» Sri Lanka asks telecos to give emergency credit to keep in touch in Coronavirus fight
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 23, 2020 7:35 am by The Invisible

» කොටස් වෙළෙඳපොළ හෙට පැය 03කට විවෘත කෙරේ. හැකි නම් නිවසේ සිට වැඩ කරන්න
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 23, 2020 7:18 am by The Invisible

» SAMP.N0000 (Sampath Bank PLC)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 22, 2020 7:52 am by The Invisible

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 21, 2020 2:27 pm by serene

» Obituary Notice.
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 21, 2020 1:13 pm by කිත්සිරි ද සිල්වා

» Sri Lanka makes mini-budget till May 2020 under Presidential powers
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 21, 2020 9:49 am by The Invisible

» හෝමාගම රෝහලත් කොරෝනා රෝගීන් සඳහා වෙන් කරයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptySat Mar 21, 2020 9:43 am by nihal123

» People first, economy next, says top economist
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 20, 2020 9:59 am by Backstage

» කොටස් වෙළෙඳපොළ ගනුදෙනු හෙට යළි ඇරඹෙයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 20, 2020 8:34 am by malanp

» ඉන්දීය අගමැති මුළු රටටම ඇඳිරි නීතිය පනවයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 20, 2020 8:05 am by The Invisible

» Happy Birthday
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 20, 2020 4:21 am by nihal123

» Sri Lanka to fix fuel prices, build energy stability fund amid COVID-19 crude collapse
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 19, 2020 2:36 pm by කිත්සිරි ද සිල්වා

» නිවසේ සිට වැඩ කරන සතියක් : රජය සහ පුද්ගලික අංශය දෙකටම
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 19, 2020 2:31 pm by The Invisible

» Sri Lanka elections delayed over Coronavirus
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 19, 2020 2:27 pm by The Invisible

» Sri Lanka’s market closed over Coronavirus on March 19
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 19, 2020 9:31 am by The Invisible

» Sri Lanka stock market closed Tuesday in Coronavirus holiday
SFL.N0000 (Sinhaputhra Finance PLC) EmptyThu Mar 19, 2020 9:23 am by The Invisible

» Sri Lanka President orders 6-month debt moratorium, 4-pct working capital
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 18, 2020 3:17 pm by slstock

» පුත්තලම, හලාවත ඇතුළු ප්‍රදේශ කිහිපයකට පොලිස් ඇඳිරි නිතිය
SFL.N0000 (Sinhaputhra Finance PLC) EmptyWed Mar 18, 2020 2:45 pm by The Invisible

» Sri Lanka RPCs to pay Rs.1,000 daily wage on higher productivity, trade unions yet to agree
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 17, 2020 3:03 pm by The Invisible

» Sri Lanka Central Bank Governor asks markets to remain calm
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 17, 2020 2:59 pm by The Invisible

» Dividend Announcements
SFL.N0000 (Sinhaputhra Finance PLC) EmptyTue Mar 17, 2020 12:59 pm by yellow knife

» කන්දකාඩු නිරෝධායන මධ්‍යස්ථානයෙන් ඇසුණු කතාවක්
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 16, 2020 3:22 pm by nihal123

» Cardinal Seeks UN Probe on China’s Coronavirus
SFL.N0000 (Sinhaputhra Finance PLC) EmptyMon Mar 16, 2020 7:43 am by The Invisible

» සඳුදා රජයේ නිවාඩු දිනයක්
SFL.N0000 (Sinhaputhra Finance PLC) EmptySun Mar 15, 2020 10:10 am by The Invisible

» Contagion (2011)
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 13, 2020 10:22 am by Backstage

» රටවල් තුනක සිට ලංකාවට ඇතුල්වීම අද සිට තහනම් කරයි
SFL.N0000 (Sinhaputhra Finance PLC) EmptyFri Mar 13, 2020 10:12 am by nihal123

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SFL.N0000 (Sinhaputhra Finance PLC)

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SFL.N0000 (Sinhaputhra Finance PLC) Empty SFL.N0000 (Sinhaputhra Finance PLC)

Post by yellow knife on Thu Sep 22, 2016 3:43 pm

This is a finance company where 25.65% of it belongs to Bimputh Finance PLC.

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Post by yellow knife on Thu Sep 22, 2016 3:45 pm

Shares were subdivided in a proportion of 10 for 1 in 2015

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Post by yellow knife on Thu Sep 22, 2016 3:46 pm

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Post by yellow knife on Thu Sep 22, 2016 3:48 pm

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Post by spw19721 on Thu Sep 22, 2016 5:34 pm

Thanks Yk, Do you have any idea about the sudden movement ?
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Post by ruwan326 on Fri Nov 22, 2019 12:11 pm

ඊයේ කළු සුද්දෝ එකතුකරනකොට මන් හිතුවා "ගොනා හැරෙන්නේ SFL එකට කියලා "

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Post by The Invisible on Thu Dec 05, 2019 9:26 pm

Singhe Capital Investment buys control of Sri Lanka’s Sinhaputhra Finance



ECONOMYNEXT- Singhe Capital Investment (Pvt) Ltd, an investment firm led by a consortium of individual investors had bought control of Sinhaputra Finance Limited with the intention of injecting fresh capital into the troubled finance company, persons familiar with the deal said.

The sale was part of a capital infusion strategy that had been in negotiation for some time, a company official said.

The deal was structured by NDB Investment Bank.

Managing Director/Chief Executive Ravana Wijeyeratne was the seller, disposing his entire stake of 50.36 percent in Sinhaputhra Finance at 9.50 rupees a share in a negotiated deal.

A mandatory offer is expected to made shortly to buy out minority shareholders according to Sri Lanka’s listing rules.

Some of the investors in the consortium had also backed the purchase of City Finance, another small finance company, market sources said.

The central bank had issued notice to cancel the license of Sinhaputhra Finance in July, and the company, along with the group of new investors had submitted plans for the capital infusion strategy in July and August, the firm said in its annual report.

The central bank had accepted the strategy in September and decided not to proceed with the cancellation of license.

The firm had said that the new investors would infuse another 2.23 billion rupees in stages through rights issues and internally generated eligible reserves.

Sinhaputhra Finance accounts showed that it core capital adequacy ratio was 1.02 percent at end-September, down from 1.76 percent six months earlier, against a regulatory requirement of 7 percent.



See Also


Sri Lanka rupee closes weaker, bond yields stable



Sri Lanka's Hambantota port sees more vehicle transshipment



Ceylon Cold Stores drags down Sri Lanka stocks



Sri Lanka scraps licences for transport of sand, clay and gravel



Sri Lanka reduces foreign employment registration fees














The capital adequacy ratio had eroded to 1.28 percent in September from 5.88 percent six months earlier against a required 11 percent.

The firm had 24.48 percent in bad loans, up from 21.25 percent, while the non-banking finance industry average was 9.69 percent.

Bad loans have been rising sharply among Sri Lankan banks and finance firms in the wake of two currency collapses in quick succession.

Sinhaputhra Finance posted 12.6 million rupees in profits for the September quarter, up from 10.4 million rupees a year earlier, although the firm had 156.4 million rupees in retained losses. (Colombo/Dec04/2019)
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