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Lanka Orix Leasing Rises After Getting Holding Company Status

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April 8 (Bloomberg) -- Lanka Orix Leasing Plc rose the most in almost three months in Colombo trading after saying it got the central bank’s approval to function as the holding company of a group which has expanded into tourism, agriculture, technology, construction and renewable energy.

Colombo-based Lanka Orix rose as much as 9.3 percent and was trading 7.5 percent higher at 125.90 rupees at 11:05 a.m. local time. Lanka Orix said the new structure would help the group “reach a phase of exponential growth in the coming years.”

To contact the reporter on this story: Anusha Ondaatjie in Colombo at anushao@bloomberg.net

To contact the editor responsible for this story: Pradeep Kurup at pkurup3@bloomberg.net

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