### Prime Lands Exits HNB Finance in Rs. 3.52 Bn Deal š
Prime Lands (Pvt) Ltd has completed a full divestment of its stake in HNB Finance PLC today, marking a significant shift in the finance sector. ⢠Transaction Details: Prime Lands sold its entire 23.29% holding, totaling 400 million shares. ⢠Deal Value: The shares were transacted at Rs. 8.80 each, resulting in a total deal value of Rs. 3.52 billion. ⢠Corporate Impact: Prime Lands was the second-largest shareholder of the company; notably, the Chairman of Prime Lands, B. Premalal, also served on the Board of Directors of HNB Finance PLC. This transaction represents a major movement within the non-bank financial institutions space, reflecting ongoing portfolio realignments in the local market.
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