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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Franklin Templeton buys shares worth more than Rs. 400 million

Franklin Templeton buys shares worth more than Rs. 400 million

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Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

WRITTEN BY THARANGA SENARATNE
Jan 28, 2013 (LBT) - JP Morgan Franklin Templeton Investment Funds is estimated to have invested Rs. 1 billion in buying into private sector industry giant, Commercial Bank shares by last week.

Last week, Commercial Bank reached nearly 15 million of its shares or 2% stake traded for Rs. 1.5 billion. On Tuesday Franklin Templeton bought Commercial Bank shares that worth more than Rs. 400 million whilst Wednesday it collected a further Rs. 381 million shares.
http://lbt.lk/news/market/3546-franklin-templeton-buys-shares-worth-more-than-rs-400-million

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