Schaffters buy Orient Finance

20
Feb
2011
Schaffters buy Orient Finance

The owners of Janashakthi Group, the Schaffter family, have recently concluded a deal to buy out Orient Financial Services Corporation Private Ltd (OFSC), a fully-owned subsidiary of United Motors Lanka Plc (UML) with a view to venturing into leasing business, according to reliable market sources. This is despite rumours that Janashakthi Insurance Company Plc had actually bought the stake in the finance firm.
When contacted, Deputy Chairman of Jana
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"Schaffters buy Orient Finance"

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20/02/2011 at 05h55 by "JithendraAntonio"