Renuka Capital buys 23% of On’ally Holdings for Rs. 173 m; CFT exits

Tuesday, 26 September 2017 00:00 - - {{hitsCtrl.values.hits}}

Renuka Capital Plc has bought 23% stake in On’ally Holdings Plc for Rs. 173.4 million from Ceylon and Foreign Trades Plc.

The stake, amounting to four million shares, was done at Rs. 43 per share.

The net asset per share of On’ally Holdings is Rs. 109.52 as at 30 June 2017. The Urban Development Authority is the biggest shareholder with 47.6% stake.

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