Lanka Realty Investments PLC has successfully acquired 51 percent of the total shares in issue of Lee Hedges PLC, as detailed in a recent stock exchange filing. This acquisition involved the purchase of 13,057,595 ordinary voting shares at a price of 216 rupees per share.
On the stock market, Lanka Realty’s share price experienced a decline, closing at 46.10 rupees, down by 1 rupee. In contrast, Lee Hedges’ share price saw an increase, closing at 254 rupees, up by 23 rupees. (Colombo/Jan 8/2025)
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