Major Shareholders Reduce Stakes in Cargills Bank š
Related parties of Cargills Bank PLC have disposed of a combined 10.05% stake in the market to align with regulatory requirements. The move follows a CBSL directive to reduce the Cargills Group voting interest to 15% by 2029. ā¢ Transaction Breakdown: Cargills (Ceylon) PLC: Sold 6.05% for Rs. 509.3 Mn. CT Holdings PLC: Sold 4.00% for Rs. 337.5 Mn. Trading Range: Shares were transacted between Rs. 8.90 and Rs. 9.70. ā¢ Shareholding Post-September 2025: Cargills (Ceylon) PLC: 37.09% (Lead shareholder). CT Holdings PLC: 23.62%. Public Holding: 39.14%. ā¢ Strategic Context: The divestment is a critical step for the banking sector entity to meet CBSL corporate governance standards regarding ownership diversification. Cargills Bank must also raise capital to meet the Rs. 20 Bn minimum requirement by 2029.