Lanka Walltile ups stake in Lanka Tiles

04 Nov 2013 - {{hitsCtrl.values.hits}}

Lanka Walltile PLC has acquired 13.59 percent of Lanka Tiles PLC in a deal worth over Rs.575 million. The purchase was executed at Rs.80 per share.

Subsequent to the deal, Lanka Walltiles now holds 36.1 million shares or 68 percent of Lanka Tiles PLC.

The main sellers of the shares were the Kailasapillai-related parties. Unconfirmed market sources said Union Assurance also divested their holding in the company. Union Assurance held 455, 200 Lanka Tile shares as at September 30, 2013.

Both Lanka Walltile and Lanka Tiles are controlled by Vallibel One, an investment holding company controlled by Dhammika Perera.

Sri Lanka will also take steps to recognize the Tour Operators based in the UK, who helped to send the largest number of tourists to Sri Lanka from UK. They will be recognized during the London, World Travel Market.

Other

Lanka Walltile ups stake in Lanka Tiles

Most Popular Articles

Sri Lanka’s IMF reserve target comes under pressure: KPMG

Sri Lanka explores local gold refinery as IMF regulations delay import tax relief for jewellers

CSE ends lower as turnover falls to year’s lowest, ASPI holds key support

HMD introduces latest range of feature phones to Sri Lanka

CSE opens the week lower as broad-based selling offsets strong institutional activity

Crossings dominate market activity as ASPI extends decline

Latest News

Singer “Chili” fined for attempted assault on police officers

Sri Lanka’s exports surpass US$9 billion in first half of 2026

China ready to work with Sri Lanka to build strategic trust: Chinese Ambassador

Wildlife holiday bungalows to be upgraded

Toxic alcohol addiction changes brain chemistry: Psychotherapist