http://www.cse.lk/cmt/uploadAnnounceFiles/1471417751851_1108.pdf
The same man was partly selling at 1.80 (8.19m) - on 26th Jan 2015
http://www.cse.lk/cmt/uploadAnnounceFiles/1681422269882_1108.pdf
WHY
My assessment is that they try to get the price low, and to collect further. But, we should be smarter than them. There is much potential for a corporate buyer, to come in. A very good opportunity for EPF, ETF or other government funds in acquiring 10-20 %, because now AAF is trading at a very good price ( below 2.20). Mathoot (India) has already acquired more than 50% - probably it may be with more and more strategic considerations;
http://www.cse.lk/cmt/uploadAnnounceFiles/9511418036737_1108.pdf
Source: Wiki
Muthoot Finance Ltd. is an Indian financial corporation. It is known as the largest gold financing company in the world.[2][3] In addition to financing gold transactions, the company offers foreign exchange services, money transfers, wealth management services, travel and tourism services, and sells gold coins at Muthoot Finance Branches. The company's headquarters are located in Kerala, India, and operates over 4,400 branches throughout the country. Outside India, Muthoot Finance is established in the UK, US, and United Arab Emirates. While the company falls under the brand umbrella of the Muthoot Group, its stocks are listed on BSE and NSE. As of March 2012, revenue (after expenditure) stood at more than Rs. 23,000 crore ($4.2 bln).[4] The target market of Muthoot Finance includes small businesses, vendors, farmers, traders, SME business owners, and salaried individuals.
Muthoot Finance was founded by M George Muthoot in 1939. Muthoot Finance to enter capital market through IPO route - Economic Times. The company has been licensed by Reserve Bank of India under Section 45 I(a) of the RBI Act, 1934 to function as a Non-banking financial company(NBFC) without accepting public deposits and is specifically exempted from the provisions of the Money Lenders Act in Karnataka and other states. The company's gold loan business constitutes more than 99 percent of its total income. its retail loan assets stand at Rs. 23,763 Crs. the total number of shares of Muthoot Finance held by Individuals/Hindu Undivided Family stood at 80.12 percent and the public shareholdings from Mutual Funds/UTI totaled 3.52 percent.