ECONOMYNEXT – Dialog Axiata PLC has reduced its controlling stake in Doc990 operator Digital Health (Private) Limited, meaning the digital platform will cease to be a subsidiary and will become an associate company, a stock exchange filing showed. Under the ownership reorganisation, Dialog’s wholly owned unit, Digital Holdings Lanka (Private) Limited, sold a 16.65 percent […]
Under the transaction, Dialog's wholly owned subsidiary, Digital Holdings Lanka (Private) Limited, sold a 16.65% stake comprising 3.75 million shares to Sunshine Healthcare, a subsidiary of Sunshine Holdings PLC, for Rs.312.17 million. Following the transaction, Sunshine Healthcare holds 21.92% of Digital Health, while Nawaloka Hospitals has increased its stake from 8.77% to 12.12%.
Summarised from Hiru News - English
Organisations- Digital Holdings Lanka (Private) Limited2
- Sunshine Healthcare Lanka Limited2
- Digital Health (Private) Limited2
- Nawaloka Hospitals PLC2
- Sunshine Holdings PLC2
- Ceylon Hospitals PLC2
- Dialog Axiata PLC2
- Dialog Group2
Keywords- operator2
- doc9902
- stake2
- reorganisation
- controlling
- ownership
- reduced
- reduces
- cuts
- pct
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