C H C Investment buys 31-pct stake in Sri Lanka’s Taprobane Holdings for Rs1.7bn

ECONOMYNEXT – C H C Investment (Pvt) Ltd. has bought a 31 percent stake in the diversified Taprobane Holdings PLC at 5.50 rupees a share in a deal worth 1,709.4 million rupees, a stock exchange filing said.

C H C Investment (Pvt) Ltd. bought 310.8 million shares of Taprobane Holdings PLC at 5.50 rupees a share amounting to 30.99 percent of the firm’s issued capital,Taprobane Securities,a fully owned subsidiary of Taprobane Holdings, said in a statement to the Colombo bourse.

The trade was in two blocks with Ishara Nanayakkara who held a 22.53 percent stake being one seller and P S W Rupasinghe, with an 8.46 percent stake, the other.  (Colombo/August 24 2015)

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