History Repeats: Sri Lankan Invader India's Pandyan AryaChakravarti's dynasty married Alex Lovell invades Capital Market of Sri Lanka after Post War with Union Bank Deal killing Retailers

Who is Alexis Indrajit Lovel?

Alexis Lovell Family Tree

http://www.rootsweb.ancestry.com/~lkawgw/gen5000.html

The Aryacakravarti dynasty (Tamil: ஆரியச் சக்கரவர்த்திகள் வம்சம்) were kings of the Jaffna Kingdom in Sri Lanka. The earliest Sri Lankan sources, between 1277 and 1283, mention a military leader of this name as a minister in the services of the Pandyan Empire; he raided the western Sri Lankan coast and took the politically significant relic of the Buddha’s tooth from the Sinhalese capital city of Yapahuwa. Political and military leaders of the same family name left a number of inscriptions in the modern-day Tamil Nadu state, with dates ranging from 1272 to 1305, during the late Pandyan Empire. According to contemporary native literature, the family also claimed lineage from the Tamil Brahmins of the prominent Hindu pilgrimage temple of Rameswaram in the modern Ramanathapuram District of India. They ruled the Jaffna kingdom from the 13th until the 17th century, when the last of the dynasty, Cankili II, was ousted by the Portuguese.

GENEALOGY OF THE ROYAL FAMILY OF JAFFNA
THE ARYA CHAKRAVARTI DYNASTY - (Arya Emperors)
THE FOLLOWING LIST OF KINGS WHO REIGNED AT SINGAI NAGAR AND NALLUR

http://www.ceylontamils.com/search/family.php?individualID=17838
http://www.ceylontamils.com/search/family.php?individualID=274
http://www.ceylontamils.com/search/family.php?individualID=14082


01 SINGAI ARYA CHAKRAVARTI VIJAYA KULANKAI Circa 1215 -1240

information submitted by Prince Remigius Kanagarajah of The Netherlands - info@jaffnaroyalfamily.org

See also the Ceylon Tamils Website at http://www.ceylontamils.com
Extracted from Ceylon Tamils Website managed by Rohan Titus - http://www.ceylontamils.com/search/family.php?individualID=274

1 Ramnad + Kalinga

occupation: Pastor of Tellipalai 1870 - 1877 + Daniel, 1832-1855

22 Reverend Frank Muttiah Anketell + Annapillai Govindar


23 Chellathurai Anketell + Sornalukshmi Kingsbury

24 Satkunam Anketell + V A Kandiah, m:1926

25 Vimala Kandiah Harry + Dr Yoganathan

26 Yogala Yoganathan + Vaseeharan Nesiah

26 2nd spouse of Yogala Yoganathan + Alexander Indrajit Lovell m:1977


According market sources Alexis Lovell now having investment banking life with Anarkali Munasinghe after spending hightime with Dangalle.


Jaffna's St.Patrick College Old Boy Alexis Indrajit Lovell is now titled as the worst Deal Maker in the country who bought the worst deal to kill retailer market sentiment in Sri Lanka after post war market boom; bringing large benefits to others where as investment general pubic will have to bear the loss after share dilutes.

Accordingly when Union Bank's share was rising as high as Rs.24 per share Alex Lovell who is also the Chairman of the Bank through his deal making skills bought US based TPG Capital owned TPG Asia VI's Cayman Island registered investment arm Culture Financial Holdings Ltd to buy a 75% stake of Union Bank just at Rs.15.30 per share whilst Sri Lanka's Regulator just halted the share trading of the bank few minutes before the announcement came when share was trading exorbitantly high as Rs.23 and Rs.24 per share levels.

Further Culture Holdings will thus receive 742.156,249 shares at Rs.15.30 via private placement and through special approval from Central Bank of Sri Lanka to keep the investment of 75% for next fifteen years and cut it back to 15% by after some time.Further Culture Holdings also receive 30 cents per valued Warrants of Union Bank amounting to 218,281,250 Warrants that has to be exercised and converted to normal shares of bank at Rs.16 per share after six years time from 2014 August.

The controversial question remains whilst public holding of the bank is 63.79% to date (as at date of announcement on 14th August 2014) now the many investing Genera Public will lose money who bought the share at Rs.23-24 levels recent times and even people who bought the share at Rs.42 to Rs.44 levels on the first day when Union Bank started trading on Colombo Stock Exchange (CSE) for next 15 years.

It is because since though 68% is bought via private placement at Rs.15 though TPG lead Cultutre Financial Holdings offer a Mandatory Offer to exceed their stake to 75% of Union Bank they will not buy the share at Rs.18-Rs.24 levels since they have got many shares at Rs.15 that would last for next 15 years and by this way TPG Capital and Alex Lovell consortium will shed Union Bank shares to Sri Lankan General Public at Rs.23-25 levels for next fifteen years at a profit.

Some say Alex Lovell is also a major shareholder of Culture Financial Holdings along with TPG Asia VI and he benefits largely from the deal.

Union Bank Disclosure - http://www.cse.lk/cmt/uploadAnnounceFiles/391408008356_1047.pdf

forum.srilankaequity.com/t35859-jaffna-s-stpatrick-college-learned-queen-elizabeth-ii-recognized-investment-banker-alexis-indrajit-lovell-bring-the-worst-deal-to-post-war-sri-lanka-to-kill-retailer-market-sentiment#213731

Thanks Bassa

Thats why there 68% must blocked and not allowed to trade .... whilst CBSL is greedy looking for FDI Retailers are kept waiting @ 25/- whilst the exit plan is in place for Foreigner it is also must be at 16Rs max

SEC should investigate this Fellows connection to the Fund ...... until such time UBC should not be allowed to trade.....

Great deal Alex..congratulations to Union Bank. I will out do you next time..

So all possibility this will drop to 15 and later 10Rs

More Sellers will appear and push down the price .....

Will SEC/CSE implement a Price Band

i am sure Alex was consulting CSE & SEC and keeping them informed, whilst pumping the share price upto 23-25 levels sending rumours around to give a totally different picture to retailers ....

what a show by a gentleman alex and the party acting in concert...

Nice show and Elvis has left the Building   

SEC & CSE should not accept the deal   These days CBSL will accept anything if it brings in Dollars

This is Adams version2. CBSL is cutting rates, SEC and CSE is promoting capital market in the country. So innocent people are putting money in to the CSE since they have no option. These international WHITE COLLAR ROBBERS are playing casinos in the market. Is this CAPITAL MARKET DEVLOPMENT? This is up to you to answer SEC/CSE.

Alex is also part of the guys who is bringing James Packer to Sri Lanka and he is going to earn 10% of James Packer's Casino in Sri Lanka!

අප්පට සිරි   

How come CBSL approve an investment fund to hold 75% of a bank? What's the intention of purchasing 75% stake by investment fund? Dumping it to retailers?

If public holding of the bank is 63.79% to date, why share holders approved this deal ?

ඩා‍ෙලර් කාක්කා‍ෙ

CBSL knows only one language thats Dollars only

What is happening nex?

Nothing, if ubc come to the private placement price, will think about entering in to it

I guess It will go down below RS 15.30 as UBC requires some time time to adjust the market. Afterthat market price will be determine by the new strategies that they are going to implement with new capital to capture the market share. It will be really competitive to grab the market as other banks are doing good jobs including government sector.So UBC has to do really hard works to grab the market although they are cleaming they can be 5th place. So I sold my share at AVG price 20.40 and it is 50% loss from my invetment.I dont want incur more loss.I hate UBC..