FINANCIAL CHRONICLE — Softlogic Life Insurance PLC, based in Sri Lanka, has successfully acquired a 60 percent controlling interest in Diamond Life Insurance Company Limited, a firm located in Bangladesh, for approximately 1.9 million US dollars.
This transaction was executed following a Share Purchase Agreement that allowed the Sri Lankan insurer to obtain the majority stake in the licensed life insurance provider in Bangladesh.
According to Softlogic Life’s announcement to the stock exchange, “This acquisition aligns with the company’s strategy for regional expansion and marks our entry into the Bangladeshi life insurance sector.”
After an initial announcement on June 18, 2026, regarding the execution of the agreement, the company has confirmed in a recent filing that all necessary steps to complete the acquisition have been accomplished.
On the stock market, shares of Softlogic Life increased by 10 cents, bringing the price to Rs.81.50.
(Colombo/Jul24/2026)
