📈 Senthilverl Holdings Becomes Top Shareholder in Serendib Land

• Major Acquisition: Senthilverl Holdings has acquired a significant 25.48% stake in Serendib Land PLC. • Transaction Details: The deal involved purchasing 101,643 shares from Finco Holdings Ltd. at a price of Rs. 1,500 per share. • Total Value: The transaction was valued at Rs. 152.46 million (Rs. 152.5 m) and was completed on 24 October. • Ownership Shift: The acquisition makes Senthilverl Holdings the new top shareholder in the company, taking over the position previously held by Finco Holdings (26.43% stake before the sale). • Valuation Note: The transfer price of Rs. 1,500 per share is below the company's un-audited Net Asset Value (NAV) of Rs. 1,797.83 per share reported as of 30 June. • Market Close: Serendib Land closed yesterday at Rs. 1,649.75 a share, registering a gain of Rs. 2.