Browns Investments PLC announced to Colombo Stock Exchange that that Browns Investments PLC has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on 03rd March 2015 for a consideration of a sum of Rs. 651,200,000/-.

FLC Joint Venture Company (Pvt) Ltd was a joint venture between Browns Investment PLC and a Perpetual Holdings Limited. FLC Joint Venture Company (Pvt) Ltd holds 747,600,000 shares amounting to 54.65% in FLC Holdings PLC.

Subsequent to the said acquisition Browns Investments PLC will be the sole shareholder of F L C Joint Venture Company (Pvt) Ltd,

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