The cabinet has approved the sale of the government’s shareholding in Sri Lanka Telecom PLC.
Notifying the Colombo Stock Exchange of this, Sri Lanka Telecom PLC says that the sale of the relevant shares will take place in the future as introduced by the State Enterprise Reform Unit established under the Ministry of Finance, Economic Stabilization and National Policy.
The Treasury holds 49.50% of the issued share capital of Sri Lanka Telecom PLC.
The opposition has alleged that the government has decided to sell the profit-making companies as per the conditions reached with the International Monetary Fund.
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