š Lee Hedges PLC to Acquire 100% Stake in Lanka Realty Developments for Rs. 3.16 Bn
ā¢ Transaction Overview: Lee Hedges PLC has announced a two-part acquisition to take full ownership of Lanka Realty Developments Ltd (LRD) for a total consideration exceeding Rs. 3.16 Bn. ā¢ Stake Breakdown: Majority Stake: 51% (57.2 Mn shares) to be purchased from Lanka Realty Investments PLC (LRI) for Rs. 1.61 Bn. Remaining Stake: 49% to be acquired from Eighth Wonder for Rs. 1.55 Bn. ā¢ Regulatory Status: The deal is classified as a Related-Party Transaction. It has received approval from the Related Party Transactions Review Committee but remains subject to shareholder approval via a Special Resolution. ā¢ Strategic Impact: Upon completion, LRD will become a fully owned subsidiary of Lee Hedges PLC, consolidating its position within the real estate and property development sector. _Note: Based on official disclosure dated 24 March 2026; final completion pending shareholder approval._