š DP Seals Rs. 2.57 Bn Deal for 40% of Harischandra Mills
⢠Prominent Sri Lankan businessman Dhammika Perera has completed the acquisition of a significant 40% stake in CSE-listed Harischandra Mills PLC, an established consumer goods and milling company. ⢠The deal, confirmed this morning, saw Perera purchase 778,946 shares from Senthilverl Holdings (PVT) Ltd at a price of Rs. 3,300 each, valuing the transaction at approximately Rs. 2.57 billion. ⢠This acquisition is Perera's fourth major deal in 2025, signaling continued aggressive expansion across diverse sectors. ⢠Recent high-profile moves this year include: ⢠September: Flagship Vallibel One PLC announced plans for a majority stake in Associated Motor Finance Company PLC (Finance). ⢠July 8: Acquired a majority stake in East West Properties PLC (Real Estate) for Rs. 3.23 Bn.