The owner of Hru Media network (Asia Broadcasting ) Rayynor Silva has increased his stake in Sampath Bank to over 6% by picking up 20 million shares for Rs. 1 billion, the Daily Financial Times reports.
As of 31 December 2022, Rayynor held 32.5 million shares or 2.84%, and on 03rd Friday, he bought a 1.7% stake or 20 million shares of the Bank.
Confirming the purchase, Rayynor has told the Daily FT that the decision to increase the stake was based on fundamentals and seeing greater value with future upside.
As at 31 December 2022, business leader Dhammika Perera-controlled Vallibel One held 171 million shares or 15% stake followed by Prabhash Subasinghe-owned Ayenka Holdings (9.97%), Employees Provident Fund (9.97%), and India Silva (8.2%). Rosewood, held 4.51% whilst Senthilverl Holdings and Dr. T. Senthilverl held around 6%.