Jan 05

Investors have come … Rumours of buying over Swarnavahini … ETI Finance which has collapsed .. taken over by Central Bank

Investors have come …
Rumours of buying over Swarnavahini …
ETI Finance which has collapsed .. taken over by Central Bank

Numerous news had spread across bearing on to EAP Media and ETI Finance Company in the course of the past. In truth there absolutely was some truth about that data which scattered round Swarnavahini Channel going bankrupt with ETI Finance Company dealing with a excellent economic downfall, subjecting its depositors to being abandoned, so to say.

With the demise of Mrs. Soma Edirisingha, EAP business holdings were disbursed among her
children after which, news began to circulate that Swarnavahini Channel had collapsed. Actually, in accordance to Swarnavahini survey reports, it had fallen down to range 7 and as a end result a exchange in their top ranks had skilled a exchange as well with action accompanying the state of affairs prompting various adjustments being effected in the process. Even the logo of Swarnavahini familiar to most people was changed whilst tele-dramas walking continuous took vicinity with adjustments in the time of newscasts too being altered. However, most people in the discipline did not pin hopes that with those changes the channel would reap recommended results as such.

But all in all, according to the LMRB evaluation report, Swarnavahini has once once more lifted her head up. By now, Derana has reached number one position, Hiru to range two with Swarnavahini being positioned third. Sirasa, ITN, National Television and others have slided back.

In the process, a sure overseas investor has signalled his interest in buying shares of Swarnavahini and agreements in this connection are to be signed in a few extra days’ time, it is understood. In the meantime, quite a few aggressive channels have spread quite a number rumours related to the character who is geared up to invest in the Swarnavahini channel. On making inquiries in this respect, it is understood that a unique channel had been aspiring to throw their cash on acquiring Swarnavahini and due to the fact such hopes had misfired, this rumour has been sent round.

In the meantime, the Central Bank has issued an announcement the day gone by (2) in connection with ETI Finance Company confirming facts about this collapse, explaining steps envisaged in providing protection to the depositors concerned. With reference to the contemporary analysis, information of Swarnavahini and the announcement of the Central Bank are viewed below two

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