Sri Lanka, May 6 -- Sunshine Healthcare Lanka (SHL), the healthcare arm of the diversified
conglomerate Sunshine Holdings PLC, has entered into an agreement for a proposed equity investment of up to 3,270 million rupees by the International Finance Corporation (IFC).
Subject to satisfaction of conditions, IFC will own approximately 14.7% stake in SHL. IFC investment fortifies Sunshine's commitment to meet the growing healthcare needs of Sri Lanka and will bolster SHL's implementation of significant capital projects to expand and enhance healthcare delivery nationwide.
As part of this, SHL will invest significantly to increase the annual production of Lina Manufacturing, the pharmaceutical manufacturing segment, from 750,000 Metered-Dose ...