Deshodaya Development Finance Limited (DDFC) made an offer to acquire remaining 29.75% stake in George Steuart Finance PLC (COSE:GSF-N-0000) for approximately LKR 150 million in cash on September 25, 2014. DDFC offered to acquire 6.69 million shares of George Steuart Finance for LKR 22.2 per share. DDFC has received undertakings from Kaller Malini Goonewardane and Anthony Rohan Harsha Fernando to accept the offer for 1.18 million shares representing 5.25% stake in George Steuart Finance.

NDB Investment Bank Limited as acted as financial advisor for DDFC.