Dr. Senthilverl enters Hayleys

Friday, 10 March 2023 00:46 - - {{hitsCtrl.values.hits}}

High net worth but low profile investor Dr. T. Senthilverl yesterday entered Sri Lanka’s most diversified blue chip Hayleys Plc picking up 2.8 million shares for Rs. 218 million or Rs. 78 per share.

The seller was Sri Lanka Insurance Life Fund which as of end December 2022 held 1.6% or 12.3 million shares.

Overall Hayleys saw 3.6 million of its shares traded for Rs. 287.7 million, the highest value yesterday or 11% of turnover. Hayleys share price gained by 80 cents or 1% to close at Rs. 78.20.

Analysts said Dr. Senthilverl, who is among major shareholders in several listed companies, could be vying for a higher stake at Hayleys on future upside.

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