Sri Lanka Telecom, chairman, directors resign

Sri Lanka
By Editor_1

COLOMBO – Sri Lanka Telecom Chairman Reyaz Mihular and three of its directors have resigned, the company said in stock exchange filings without giving reasons.

Lalith Seneviratne and Ranjith Rubasinghe have resigned with effect from January 29 and K. A. Vimalenthirarajah from January 30, the filing said.

Sri Lankan media reported earlier in the week that Mihular and other directors were asked to resign by the government, which is the controlling shareholder.

The report said Mihular was asked to withdraw a case filed by Mobitel, against a merger of Airtel and Dialog, during a meeting with President Ranil Wickremesinghe.

Mihular had said it was a board decision which was based on the interests of the company and the request will be conveyed

SLT confirmed to the Colombo Stock Exchange that the firm had copied a letter from the Secretary to the President to the Treasury Secretary on reconstituting its board.

The government is divesting its stake in Mobitel and India’s Jio Platforms, a unit of Reliance Group and Gortune International Investment Holdings, a Chinese firm has expressed interest in buying the firm.

The share closed down at 93.90.

-economynext.com

Editor_1
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