Wednesday, 22nd October 2014

Business Editor: 0094 11 242 9221 / E mail: business@dailynews.lk

Business

The largest telecommunications services provider, Sri Lanka Telecom is exploring avenues to diversify into the leisure, real estate and higher education sector. This is in a bid to gain additional revenue and to further strengthen their bottom line and more importantly SLT wants to make maximum use of their unutilized lands in several locations. SLT Chief Executive Officer Lalith De Silva told Daily News Business that they are eager at getting actively involved in the higher education sector. “This will be through our subsidiary,SLT Human Capital Solutions (Pvt) Ltd and we may even look at...
AP Motha Investments Corporation has exited from TVS Auto Parts (Pvt) Limited selling their 35% stake in the company to Douglas & Sons Ltd. MICL is a group company of the diversified Queens Group of Companies, headed by the third generation Dinesh Motha, the Group Managing Director. The Queens Group was founded in 1956 by the late C.B. Motha. The group's primary focus is marine electronics, aviation electronics, automotive, railway sectors and projects. However, after a strategic synergy and consolidation, MICL has decided to exit the auto component distribution business and sell their...