š Beruwala Resorts Secures Rs. 60 Mn Working Capital Loan from Parent
⢠Financial Support: Beruwala Resorts PLC has obtained a short-term working capital loan of Rs. 60 million (US$ 0.20 Mn approx.) from its ultimate parent, The Colombo Fort Land & Building PLC. ⢠Facility Terms: The short-term loan carries an interest rate set at the Average Weighted Prime Lending Rate (AWPLR) plus 2%. ⢠Governance & Compliance: The company's Related Party Transactions Review Committee confirmed the transaction was conducted on standard commercial terms and is not prejudicial to the interests of the company or its minority shareholders. ⢠Sector Relevance: Provides immediate liquidity support to strengthen operational resilience within Sri Lanka's tourism & hospitality sector.
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