The company’s name could be changed in the future.

Under the Rajapaksa regime’s amalgamation of finance companies, the then Deshodaya, now Sarvodaya Finace Company of Sarvodaya Movement bought 75 pc of shares of George Steuart Finance for Rs. 400 million late last year.

Having a Rs. 1.3 billion asset base and a book value of Rs. 11.70, its net profits declined 45 pc in the March quarter to Rs. 14.3 m.

Named Divasa Finance and Asia Commerce Ltd., this was previously owned by Dilith Jayaweera and Thushan Wickramasinghe.