Orient Finance PLC (formerly known as Orient Financial Services Corporation Ltd) commenced commercial operations with an issued and paid up capital of Rs.125 Million in July 2003 as a SLC with the approval of the CBSL. The promoters of the Company were Readywear Industries Ltd and United Motors Lanka PLC (UML). Readywear Industries Ltd. held 80% of the issued capital and for strategic reasons subsequently sold their stake to United Motors Lanka PLC, agent of Mitsubishi Vehicles in Sri Lanka and a listed entity in the Colombo Stock Exchange on 20th of November 2003. During the third year of operation the major shareholders infused more capital placing their confidence in the operation of the company. In February 2011, UML sold its stake to Orient Capital Ltd (which was earlier known as People’s Venture Investment Company Ltd) which is a subsidiary of Janashakthi Financial Services Ltd.
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