Group Lease Holdings has acquired a 30% stake in Sri Lanka's Commercial Credit and Finance for Rs10.6 billion, marking the largest transaction on the Colombo stock exchange since 2012.
Information on the Target
Commercial Credit and Finance is a prominent financial institution in Sri Lanka, providing a range of financial services including loans, leasing, and microfinance solutions. With a strong presence in the local market, the company is known for its consumer-centric approach, catering to the financial needs of individuals and small businesses.
Recently, the company has been making significant strides in expanding its portfolio and enhancing its service offerings, positioning itself as a competitive player in the Sri Lankan financial landscape.
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Industry Overview in Sri Lanka
The financial services industry in Sri Lanka has been witnessing a transformative phase, characterized by rapid growth and increasing competition among local and f
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Group Lease Holdings
invested in
Commercial Credit and Finance
in 2016
in a Other Private Equity deal
Disclosed details
Transaction Size: $72M