📈 HVA Foods Parent Divests 18% Stake for Rs. 189.7M

George Steuart & Co., the majority shareholder of HVA Foods PLC, has divested a significant portion of its holding in the company, known for the global Heladiv tea brand. • Transaction Details: A total of 44 million shares (17.99% stake) were sold in the market for Rs. 189.7 million. The trades occurred in four tranches at prices ranging between Rs. 4.30 and Rs. 4.60 per share. • Shareholder Structure: As of December 2025, George Steuart & Co. held a 72.39% stake. Post-divestment, its majority remains, followed by HVA Lanka Exports Ltd. at 4.75%. • Market & Financial Position: • The share price gained 20 cents on Wednesday, closing at Rs. 4.40. • Based on provisional data, the company reported net liabilities of 26 cents per share. • Sector Context: HVA Foods is a key player in the tea and value-added beverages sector, specializing in Ceylon tea exports and innovative products like ready-to-drink infusions. This divestment follows a trend of restructuring within large conglomerates involved in Sri Lanka's agriculture & exports landscape.