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IFC approves $ 7 million for Sunshine Holdings

18 Jan 2021

Sunshine Holdings PLC, a Sri Lankan diversified conglomerate company, listed in the Colombo Stock Exchange (CSE) announced the approval of a long-term loan facility by the International Finance Corporation (IFC) of the World Bank Group in a disclosure released by the CSE on 18 January 2021.  Sunshine Holdings yesterday (18) stated that a long-term loan facility of $ 7 million was approved by IFC of the World Bank Group.   The funds requested by Sunshine Holdings are planned to be utilised for investments in the consumer sector and energy sector.  Sunshine Holdings PLC currently holds the market capitalisation of Rs. 12.9 billion in the CSE. As of March 2020, the annual report of the company involves a gross turnover of Rs. 6.1 billion along with profit after taxes amounting to Rs. 1.79 billion.  Moreover, Sunshine Holdings PLC is known to be a diversified conglomerate company in Sri Lanka that started business as a retail pharmaceutical company which expanded into the industries of healthcare, dairy, agribusiness, consumer goods, and renewable energy. The company occupies some known brands in Sri Lanka such as tea manufacturer and brand Zesta along with healthcare chain Healthguard followed by confectionery and food company Daintee Ltd.

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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


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