Colombo, Sri Lanka – 10 September 2026 – Senthilverl Holdings (Pvt) Ltd has significantly increased its stake in Sarvodaya Development Finance PLC (CSE: SDF.NOOOO), surpassing the 10% ownership threshold. This development, disclosed under Section 36 of the Take-Overs and Mergers Code of Sri Lanka 1995 (as amended in 2003) Rules, signals a notable shift in the shareholding structure of the prominent financial institution.
The disclosure, formally communicated to the Colombo Stock Exchange (CSE) by Almas Equities (Pvt) Ltd on behalf of Senthilverl Holdings, confirms that the transaction leading to this increased holding took place on 9th September 2026.
Details of the Transaction
According to the official filing, Senthilverl Holdings (Pvt) Ltd, facilitated by Almas Equities (Pvt) Ltd, executed a substantial purchase of shares in Sarvodaya Development Finance PLC. The key details of the transaction are as follows:
- Investor: Senthilverl Holdings (Pvt) Ltd (with SAM PATH BANK PLC noted in the disclosure).
- Listed Company: Sarvodaya Development Finance PLC (SDF.NOOOO).
- Date of Transaction: 9th September 2026.
- Shares Purchased: 750,000 shares.
- Price Range: Between LKR 39.70 and LKR 41.00 per share.
Impact on Shareholding
Prior to this transaction, as of 8th September 2026, Senthilverl Holdings held 14,633,597 shares, representing 9.78% of Sarvodaya Development Finance PLC’s total issued share capital. Following the acquisition of 750,000 additional shares, the total number of shares held by Senthilverl Holdings now stands at 15,383,597.
This latest purchase has pushed Senthilverl Holdings’ total shareholding to 10.28% of Sarvodaya Development Finance PLC’s 149,596,052 total issued shares, thereby exceeding the 10% threshold stipulated by the Take-Overs and Mergers Code.
Significance of the 10% Threshold
Exceeding the 10% ownership threshold triggers specific disclosure requirements under Sri Lanka’s Take-Overs and Mergers Code. Such movements are closely monitored by the market and regulatory bodies as they can indicate a long-term strategic interest, increased influence, or a potential precursor to further significant investment by the acquiring entity.
This move by Senthilverl Holdings reflects strong confidence in Sarvodaya Development Finance PLC, a company known for its commitment to financial inclusion and community development across Sri Lanka. Investors and market watchers will undoubtedly be observing future developments stemming from this increased stake.
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