16^th June 2011, the Royal Ceramics lanka PLC acquires Lewis Brown & Company Limited at the Consideration of Rs.589 Million.

The Rs.500 Million Paid at the execution of the agreement and the balance 89 Million will be paid on 22^nd June 2011.

The Royal Ceramics lanka PLC holdings 51% shares of Lewis Brown& Company Limited at the total Consideration of Rs.1, 581 Million.

The Balance 30% shares owned by related parties of the Vallibel One.

Source: http://www.cse.lk/cmt/upload_cse_announcements/3361308225374_.pdf

Related Posts via Categories

• National Development Bank (NDB) Debenture issue is Oversubscribed
• Sri Lanka’s first pharma zone to open with US$ 10 million investment
• Car registrations down by 40%, three wheelers by 50% in 2017
• Investment in logistic projects in Muturajawela
• Avoid Cash or Cheques payment, and try SLIPS (Sri Lanka Inter-bank Payment System) by Central Bank
• Sri Lanka Economic Summit 2016 by The Ceylon Chamber of Commerce
• Mihin Lanka Losses accumulated Rs. 17 Billion by Now
• Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond
• New Terminal Building to construct for Bandaranaike International Airport
• University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake