Janus Buys Stake of JKH of Sri Lanka. 12.23 pct of John Keells Holdings Bought after the Exit of Raj Rajaratnam and His Galleon Asset Management Group

15th January 2010, www.lankabusinessonline.com

Janus Capital Management, a US based fund said they had bought 12.23 percent of Sri Lanka's John Keells Holdings, shortly after Raj Rajaratnam and his Galleon asset management group started to sell out of the firm.

Janus Capital said they were holding the JKH stake on behalf of clients and had no economic interest in the share in the form of either dividends or eventual sale proceeds.

But the firm had the right to hold of shares held for clients.
Janus said it had 74.9 million shares or 12.23 percent out of a total of 613.1 million shares.