IFC to invest Rs. 3.27 bn in Sunshine Healthcare Lanka
Sri Lanka, May 6 -- From left: Sunshine Medical Devices and Lina Chief Executive Officer Dr. T. Sayandhan, Sunshine Holdings Deputy Vice Chairman Vish Govindasamy, IFC Vice President for Asia Pacific Riccardo Puliti, Sunshine Holdings Group CEO Shyam Sathasivam and Sunshine Pharmaceuticals and Healthguard Distribution Chief Executive Officer Shantha Bandara at the agreement signing ceremony
The International Finance Corporation (IFC) has entered into an agreement with Sunshine Healthcare Lanka (SHL), the healthcare arm of Sunshine Holdings PLC, for a proposed equity investment of up to Rs. 3.27 billion.
Subject to satisfaction of conditions, IFC will own approximately 14.7 percent stake in SHL.
IFC investment will assist with SHL's imp...
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