Dialog gains full control of Sri Lanka e-commerce firm
ECONOMYNEXT – Sri Lanka’s Dialog Axiata Plc said it had paid 247.9 million rupees to buy a remaining 54.29 percent stake of an online portal unit which was already an associate company.
Dialog already owned a 45.71 percent stake in Digital Ecommerce Lanka Pvt Ltd which runs an online portal. The portal has been incorporated into Dialog’s wow.lk brand.
Digital Ecommerce is held through Digital Holdings (Pvt) Ltd, a fully-owned unit of Dialog.