LHCL

AcronymDefinition
LHCLLanka Hospitals Corporation Ltd. (Sri Lanka)
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One of the leading hospitals chain amidst news reports that stated Nation's premier state owned commercial bank, Bank of Ceylon and its subsidiary Property Developers are in a bid to buy partly state owned Lanka Hospitals (LHCL) stake of Distilleries, On Friday Distilleries sold its 28.66% to Fortis Healthcare Global Holdings Pte Ltd.
It was earlier predicted through a recent research report by partly government owned Lanka Securities Ltd (LSL) that Distilleries is scouting for prospective buyers for its 28.6% stake in Lanka Hospitals PLC (LHCL) as it lost majority ownership of LHCL through Sri Lanka Insurance (SLIC) after the Supreme Court judgment.
It further said that Distilleries is expecting a price between Rs.60 to Rs.65 per share on sale, which is a premium price compared to the all time high price of a LHCL share which is at Rs.42.80.