5th October 2011, the LOLC announced to Colombo Stock Exchange, the LOLC Leisure Ltd a subsidiary of Lanka ORIX Leasing Company PLC. The Lanka ORIX Leasing Company PLC holds 70% of the LOLC Leisure Ltd.
The LOLC Ltd acquires remain 40% of the Tropical Villas (Pvt) Ltd from Carbotels (Pvt) Ltd at a cost of Rs. 165 Million.
The LOLC Ltd acquired the 60% of the Tropical Villas (Pvt) Ltd in August 2010. With this acquisition the LOLC Leisure Ltd holds the entire stated capital of Tropical Villas (Pvt) Ltd.