Ambeon Capital to acquire controlling stake in Harischandra Mills 📈

Diversified conglomerate Ambeon Capital PLC has moved to acquire a majority stake in the iconic consumer goods manufacturer, Harischandra Mills PLC, through its subsidiary Ambeon Essentials (Pvt) Ltd. • The Deal: Ambeon signed a Share Sale and Purchase Agreement (SSPA) on 24 January 2026 to acquire 981,118 ordinary voting shares. • Ownership: The acquisition represents a 51.11% controlling interest, purchased from a consortium of investors. • Voluntary Offer: Following regulatory clearance, Ambeon Essentials intends to make a voluntary offer to purchase the remaining voting shares from all other shareholders. • Strategic Context: This move follows significant market activity in late 2025 involving Harischandra Mills, a company deep-rooted in Sri Lanka’s food and beverage and manufacturing sectors. _Status: Subject to regulatory approvals; offer price and terms to be announced._