The Renuka Holding PLC acquires 61.78% the Shaw Wallace Marketing Ltd for a consideration of Rs. 368,000,000.00
The Shaw Wallace Marketing Ltd engage the distributions of Consumer goods of
- Plaza canned Fish
- Ranposha Cereal Mix
- Sun gold instant Drink Mixes
- Rainer’s Essences
By acquire the Shaw Wallace Marketing Ltd the Renuka Holding PLC becomes Sub Subsidiary of the following Shaw Wallace Marketing Ltd,
- Healthcare Products (Pvt) Ltd – Engage in Food manufacturing
- Shaw Wallace Service Ltd – providing Management Services
- Shaw Lanka Tours (Pvt) Ltd. – Travel Agents
The Acquisition does not inclusive of the Shaw Wallace & Hedges PLC who is an Investment Company.
The Acquisition was concluded today Wednesday 16th March 2011 Whereby the Shaw Wallace Marketing Ltd becomes a Subsidiary of Renuka Holding PLC.