Thursday Nov 14, 2024
Thursday Nov 14, 2024
Wednesday, 28 March 2018 00:00 - - {{hitsCtrl.values.hits}}
United Motors Lanka Plc (UML) yesterday announced that on Monday it entered into a sale and purchase agreement with JV partner T V SundaramIyengar& Sons Ltd. India, to dispose of the entire shareholding of UML in TVS Lanka Ltd. amounting to 17.5 million shares (representing 50% of the stated capital) for the total consideration of Rs.1 billion. As at 31 March 2017, the investment in TVS Lanka was stated at Rs. 800.4 million.
