Crisis hit finance firm, The Finance Company PLC (TFC) has called Expressions of Interest (EOI) from prospective strategic investors for Equity Investment in the firm.
This was resolved by the TFC’s Board of Directors during a meeting held on the 31st of December 2019.
In a letter directed to the Colombo Stock Exchange, the TFC mentioned that a minimum equity investment of Rs. 25 billion is required for the submission of EOIs.
The deadline for accepting EOIs will be 14 days from the date of the publication of the paper advertisement and the investors are required to provide documents for the proof of funds for the investments, their credentials, and expectations.
The letter forwarded by the TFC is attached below:
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