Tag: Acquisition in CSE
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Browns Investments PLC Acquired fully (95%) of FLC Joint Venture Company (Pvt) Ltd
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…
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Textured Jersey Lanka PLC going to acquire Ocean India (Pvt) Ltd and Quenby Lanka Prints (Pvt) Ltd
The Board of Directors of Textured Jersey Lanka PLC (‘TJL’) has decided to initiate an independent valuation and due diligence study for the purpose of looking at the feasibility of acquiring controlling stakes in Ocean India (Pvt) Ltd (‘Ocean India’) and Quenby Lanka Prints (Pvt) Ltd (‘Quenby Lanka’). This is in pursuance of TJL’s on-going…
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ECL Soft (Pvt) Ltd Jointed with E-Channeling PLC
Further to the previous announcement made on the 22nd day of January 2015, with reference to the amalgamation of ECL Soft (Pvt) Ltd with E-Chanr elling PLC in accordance with sec. 242(1) of the Companies Act No. 07 of 2007, it is hereby announced that the gazette notification pertaining to the said amalgamation was published…
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M.R Ramanan Acquire 10% of Millennium Housing Developers Plc
The Millennium Housing Developers Plc stated to Colombo Stock Exchange that M.R Ramanan Acquire 10% of Millennium Housing Developers Plc from the Nawaloka Construction Company PLC. The purchases process was done for 13,468,132 Shares at a price of Rs 6.70 per share.
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Lankem Ceylon PLC Acquired J. F. Packaging (Private) Limited for Rs. 600 Million
Lankem Ceylon PLC announce to the Colombo Stock Exchange that the company has on the 30th January 2015 through purchase and direct investment acquired 72.5% of the equity capital (represented by 488,034 ordinary shares) of J. F. Packaging (Private) Limited at a total consideration of Rs.600 Million. JF. Packaging (Private) Limited, is engaged in the…
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Shaw Wallace Ceylon Limited brought 50% of Richlife Dairies Limited from Renuka Agri Foods PLC
Renuka Foods PLC announce to the Colombo Stock Exchange that the Shaw Wallace Ceylon Limited, a sub-subsidiary of Renuka Foods PLC has acquired Twenty Million Two Hundred & Ninety Thousand (20,290,000) Ordinary Shares (50% shareholding) of Richlife Dairies Limited for a consideration of Rs 605,000,000 from Renuka Agri Foods PLC on 30th January 2015. Shaw…
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Panasian Power Acquire Padiyapelella Hydropower Limited
The Panasian power PLC a leading hydropower energy producers in srilanka announced that the company have obtain the shareholders approvals to acquires 90% stake of Padiyapelella Hydropower Limited.
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Laugfs Holdings Limited Purchase Controlling power Softlogic Credit Limited
The Board of Directors of Softlogic Capital PLC announced to Colombo Stock Exchange, that the Company signed an agreement on Share Sales and Purchases with Laugfs Holdings Limited on 28th September 2012.
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LOLC Group Acquires Brown & Company PLC
The LOLC made an announcement to Colombo Stock Exchange that the company has acquired 50% of Diriya Investments (Pvt) Ltd for a Consideration of Rs. 1.32 Billion.