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Wednesday Dec 25, 2024
Tuesday, 28 February 2017 00:00 - - {{hitsCtrl.values.hits}}
Controlling shareholder Metropolitan Resource Holdings Plc has invested a further Rs. 93 million to up its stake in Bogawantalawa Tea Estates to 78.5%.
On Friday it bought 9.3 million shares amounting to 11.1% stake in the subsidiary at Rs. 10 per share. As at 31 December 2016, Metropolitan held 67.35% stake. Net assets per share of Bogawantalawa is Rs. 13.29 at the company level and Rs. 14.50 at the group level.
Friday’s seller was high net worth investor Dr. T. Senthilverl.
