Sri Lanka, Oct. 28 -- Senthilverl Holdings (Pvt.) Ltd has acquired a 25.5 percent stake in Serendib Land PLC, marking a significant change in the company's ownership structure, a stock exchange filing showed.
According to a disclosure to the Colombo Stock Exchange, Senthilverl Holdings purchased 101,643 shares of Serendib Land on October 24, from Finco Holdings (Pvt.) Ltd, at a price of Rs.1,500 per share, representing 25.48 percent of the company's total shareholding.
The disclosure also highlighted Finco Holdings selling an additional 100 shares to the market at prices between Rs.1,500 and Rs.1,580, equivalent to 0.02 percent of Serendib Land's total shares.
The filing noted that prior to the acquisition Senthilverl Holdings held no sh...