Merger & Acquisition
The deal is expected to be finalized within the next 6 months.
Together with ATX Partners, Arcasia Investment and Trading and Sujeewa Mudalige
HNB bought the 50 percent stake from DFCC Bank
Senthilverl Holdings have bought 1,060,811 shares, at between 9.10 to 9.40 rupees a share
DFCC in Sept announced to sell its 50% stake in Acuity to HNB for 7 billion rupees
Isin Lanka (Private) Limited will facilitate the warehouse operations of the Browns Group
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The two companies will merge with parent company Singer (Sri Lanka) Plc.
Acquired 100% ownership of Kapruka USA LLC, incorporated in the United States of America, at a value of #100
Singer (Sri Lanka) Plc will merge with Singer Industries (Ceylon) Plc, and Regnis (Lanka) Plc.
The company will continue brewing beer under brands Heineken, Tiger, and Anchor under Trademark Licence Agreement
Janashakthi Insurance PLC has purchased 101,201,799 ordinary shares at a price of LKR 37.10 per share
Dialog incurred a loss in the last financial year.
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