📈 Rayynor Silva Increases Stake in HNB with Rs. 1.4 Bn Investment

High net worth investor Rayynor Silva has further solidified his position in the banking and financial services sector by increasing his stake in Hatton National Bank PLC (HNB). • Transaction Details: Silva acquired 3.5 million shares of HNB at Rs. 422.00 per share, totaling an investment of Rs. 1.4 billion. • Ownership Growth: This acquisition represents approximately 0.8% of the bank, raising his total holding in HNB to 1.5% (6 million shares). • Market Activity: HNB recorded a total turnover of Rs. 1.5 billion during the session, with the share price closing at Rs. 422.25 (down by Rs. 2.50). • Strategic Portfolio: This move reinforces Silva's aggressive diversification across the Sri Lankan banking sector, where he holds significant interests: • Sampath Bank: 10% • DFCC Bank: 9.8% • Seylan Bank: 5% • Commercial Bank: 1%