📈 High-Profile Banking Sector Shake-up: Rayynor Silva Enters Seylan Bank, Dhammika Perera Exits!
• High net-worth investor and media personality Rayynor Silva entered Seylan Bank, acquiring the remaining 5% stake from business leader Dhammika Perera for Rs. 1.57 Billion. The deal involved 15 million shares at Rs. 105 per voting share. • This purchase further diversifies Rayynor Silva’s financial sector holdings (via Phantom Investments Ltd.), adding Seylan Bank to his stakes in Sampath Bank (10%), DFCC Bank (9.73%), and Commercial Bank (1%). • Dhammika Perera has now fully exited Seylan Bank (having held 6.55% in June 2025). This follows his recent sale of a 1.7% stake in Commercial Bank on October 9th. • Mr. Perera's strategic banking interests remain focused on Sampath Bank (15% via Vallibel One PLC) and Pan Asia Bank (29.9%). • Seylan Bank saw significant market action with 16.68 million shares traded for a total turnover of Rs. 1.76 Billion.
EPF Stock Investments: Rs. 73.97 Bn Unrealized Profit in H1 2025 📈
• The Employees Provident Fund (EPF) recorded a significant unrealized profit of Rs. 73.97 Billion from its investments in the Colombo Stock Exchange (CSE) as of June 30, 2025. • This profit represents a substantial 86.13% gain on the EPF's total stock market investment value. • Key Metrics: • Total Investment (Cost): Rs. 85.88 Bn. • Total Market Value: Rs. 159.85 Bn. • The fund holds investments across 64 listed companies. • Sector/Company Highlights (Profits > Rs. 1 Bn): • The Banking & Finance sector was a major contributor, with top unrealized profits from: Sampath Bank (Rs. 7.98 Bn), Hatton National Bank (Rs. 7.59 Bn), LOLC Holdings (Rs. 7.07 Bn), and Commercial Bank (Rs. 7.05 Bn). • Other strong contributors include Royal Ceramics (Rs. 4.47 Bn), PGP Glass Ceylon (Rs. 4.12 Bn), and Cargills (Ceylon) PLC (Rs. 3.52 Bn). • The robust performance underscores the fund’s recovery amid the general market upturn.
📈 SFIN Lists 75.7 Mn Shares, Securing Rs. 2 Bn Capital
Singer Finance (Lanka) PLC (SFIN) has successfully completed its 2025 rights issue. • The company listed over 75.7 million new ordinary voting shares on the Colombo Stock Exchange (CSE) yesterday (14 October 2025). • The rights issue successfully raised more than Rs. 2 billion, matching the company's estimated capital requirement. • This capital infusion is intended to strengthen Singer Finance’s balance sheet and support its future business expansion within the financial sector.