Sri Lanka’s Supreme Global Holdings in the race to acquire SriLankan Airlines

Hankook

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  • Apr 4, 2022
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    Supreme Global Holdings, a conglomerate owned by R.M. Manivannan, has entered the bidding process to acquire shares of the national carrier, Sri Lankan Airlines, it was reported.

    According to media reports, the Expression of Interest (EOI) process, which concluded last week (Apr 27), saw the participation of Supreme Global, under Sherisha Technologies Private Limited.

    Last week it was reported that six (06) Request for Qualification (RfQ) were received from potential investors for the acquisition of shares in SriLankan Airlines Limited.

    Sherisha Technologies Private Limited was among the six entities vying for the shares of SriLankan Airlines, but concerns were raised over its ownership.

    Supreme Global Holdings is reported to have entered the bidding process under Sherisha Technologies Private Limited, formerly known as SunEdison Energy India Private Limited.

    Supreme Global Holdings is also known for having formed a robust consortium including MBS Investments, the investment arm of the Private Office of Sheikh Nayef Bin Eid Al Thani of Qatar.

    Apart from its recent bidding for SriLankan Airlines, Supreme Global Holdings previously assisted Sri Lanka during the energy crisis faced in 2022, by extending over USD 1.5 billion in credit to Sri Lanka, along with innovative payment solutions such as accepting Sri Lankan rupees for oil payments.

    Supreme Global Holdings, a conglomerate owned by R.M. Manivannan, has entered the bidding process to acquire shares of the national carrier, Sri Lankan Airlines, it was reported.

    According to media reports, the Expression of Interest (EOI) process, which concluded last week (Apr 27), saw the participation of Supreme Global, under Sherisha Technologies Private Limited.

    Last week it was reported that six (06) Request for Qualification (RfQ) were received from potential investors for the acquisition of shares in SriLankan Airlines Limited.

    Sherisha Technologies Private Limited was among the six entities vying for the shares of SriLankan Airlines, but concerns were raised over its ownership.

    Supreme Global Holdings is reported to have entered the bidding process under Sherisha Technologies Private Limited, formerly known as SunEdison Energy India Private Limited.

    Supreme Global Holdings is also known for having formed a robust consortium including MBS Investments, the investment arm of the Private Office of Sheikh Nayef Bin Eid Al Thani of Qatar.

    Apart from its recent bidding for SriLankan Airlines, Supreme Global Holdings previously assisted Sri Lanka during the energy crisis faced in 2022, by extending over USD 1.5 billion in credit to Sri Lanka, along with innovative payment solutions such as accepting Sri Lankan rupees for oil payments.




    SL’S WHOLE ENERGY SECTOR UNDER MANIVANNAN’S MICROSCOPE! AUTHORITY IN QUESTION?

    Manivannan’s name is well-known among Sri Lankans for his infamous ties to the ‘Satellite Saga‘ of Rohitha Rajapaksa, the youngest son of Mahinda Rajapaksa, who claimed that he had sent a Sri Lankan satellite into space during the Mahinda Rajapaksa regime. Manivannan then served as the Owner of ‘Supreme Sat,’ with which the youngest Rajapaksa son had claimed to have launched a satellite into space.

    The pieces being put together, the public may have an understanding as to why the current fuel affairs in Sri Lanka are at the centre of a dispute and who is pulling the strings behind the curtain.

    Sources on the condition of anonymity told LNW that Manivannan attends the internal meetings of the CEYPETCO and even scolds its Chairperson and higher officials at any given moment in which they disagree with his decisions.

    Despite current Energy Minister Kanchana Wijesekara being very vocal about the fuel crisis in Sri Lanka and his keenness to overcome it on and off the camera, the real question is, who is the actual authority of the country’s Energy Sector? Is it Wijesekara himself as the Minister in Charge, or Manivannan, who thinks he is above everyone else?

    LNW earlier divulged a large-scale scandal committed via crude oil imports, where shipments carried a crude oil type inconsistent with the ‘Sapugaskanda’ Oil Refinery, incurring a disastrous loss to the country, and the involvement of a politician in the process.

    Accordingly, our readers may understand which political family turned the country’s crude oil affairs into ‘heinous deals.’

    In the backdrop, President Wickremesinghe maintaining a silent policy over these events would be another unsolved mystery.
     
    • Haha
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    shenat

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  • May 13, 2007
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    ආශ්චර්යමත් රටක
    මහබැංකුව හොරාකාපු නාකි තැරි පොන්න බල්ලව රාජපක්ක වේසබල්ලො වැඩි ජන්දෙන් පත්කරගත්තෙ ඕවට තමයි.
     
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    Sonique

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  • Oct 22, 2007
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    Me yana widihata free promotion kiyala handiye petti kadeth Sri Lankan Airlines bid ekata yanawa 😑
     

    Hankook

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  • Apr 4, 2022
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    Me company ekamai neda Chichiyage SupremeSat sattelite eka yawwe? rajapakus lage pilliyak wenna puluwan

    https://www.supremesat.com/about-us/
    ඔව් බන් මම කියලා තියෙන්නෙ උඩින්
    Manivannan’s name is well-known among Sri Lankans for his infamous ties to the ‘Satellite Saga‘ of Rohitha Rajapaksa, the youngest son of Mahinda Rajapaksa, who claimed that he had sent a Sri Lankan satellite into space during the Mahinda Rajapaksa regime. Manivannan then served as the Owner of ‘Supreme Sat,’ with which the youngest Rajapaksa son had claimed to have launched a satellite into space