📈 Lanka Realty Trims Lee Hedges Stake to 51% in Rs. 140.3 Mn Divestment

• The Transaction: Lanka Realty Investments PLC sold 5,501,829 shares of its subsidiary, Lee Hedges PLC, on May 12 via market transactions. • Deal Value & Pricing: The sale was executed at Rs. 255 per share, valued at approximately Rs. 140.3 million based on the disclosed transaction price. • Revised Ownership: Following the divestment, Lanka Realty Investments retains 13,057,595 shares, reducing its controlling stake from 54.15% (as of end-March 2026) to 51.0% of the company's issued shares. • Market & Financial Context: • Lee Hedges shares closed higher on Friday at Rs. 306, up by Rs. 8.75. • The transaction price of Rs. 255 reflects a discount to Lee Hedges’ reported net assets of Rs. 267.35 per share as of end-March 2026. • The divestment allows Lanka Realty to unlock liquidity while maintaining majority voting control in its subsidiary, a notable move within Sri Lanka's real estate and property holding sector.