LOLC Finance Archives

LOLC Finance commemorates World Environmental Day with tree planting project Source : dailynews LOLC Finance, in collaboration with Mathurataby Browns Plantations, and Vibhava Solution (Private) Limited had embarked on a tree planting project in Enselwatte Estate of Maturata Plantations in Deniyaya. Aligning with the significance of World Environment Day, celebrated on June 5, the primary objective of this initiative was to rejuvenate the forest canopy in Deniyaya In addition to the restoration efforts, this project aims to enhance awareness on the importance of preserving and restoring our forests, particularly among school children. By engaging 130 students from Selwankanda Tamil School, the programme seeks to educate and inspire young minds to develop a profound love and care for their environment. Through this hands-on experience, the students will gain a deeper understanding of the consequences of their actions on nature. The theme for this year’s World Environment Day is especially relevant to the ...

Blue Ocean Group acquires 60 per cent stake in Kelsey Development – By Hiran H.Senewiratne Source:-island Leading real estate company, Blue Ocean Group, yesterday acquired a 60 per cent stake in Kelsey Development PLC for Rs. 257 million, on Tuesday, stock market analysts said. The stake amounting to 10.457 million shares was done at Rs. 24.60. The sellers were the Schaffter brothers, Praksah and Ramesh, who held 30% each. With the acquisition of control, Kelsey will be a member of the Blue Ocean Group, a pre-eminent real estate conglomerate with a well-balanced portfolio, founded by top professional cum business leader Sivarajah Thumilan who is also the chairman and CEO. Control of Kelsey was held by Janashakthi Ltd. and related parties. In September the parent, Janashakthi Ltd., sold its entire stake of 85.24 per cent or 14.85 million shares to Kelsey, to its ultimate shareholders Prakash and Ramesh with a view ...