In a significant transaction on the Colombo Stock Exchange (CSE), prominent Sri Lankan businessman and billionaire Dhammika Perera has completed the acquisition of a 40% stake in Harischandra Mills PLC, a well-established company known for its consumer goods and milling operations.

Market sources confirmed the deal's closure this morning, with Perera purchasing 778,946 shares from Senthilverl Holdings (PVT) Ltd, the investment arm of Dr. T. Senthilverl, Harischandra Mills' major shareholder. The shares were acquired at Rs. 3,300 each, totaling approximately Rs. 2.57 billion.

This marks Perera's fourth major deal in 2025, highlighting his continued aggressive expansion across diverse sectors. Just last month, in September, his flagship investment firm Vallibel One PLC, along with subsidiary LB Finance PLC, announced plans to secure a majority stake in Associated Motor Finance Company PLC, another CSE-listed entity in the finance sector.

Perera's activity earlier this year included two other high-profile moves: orchestrating the merger of Laufs Holdings and Vallibel Three to consolidate influence in key industries, and acquiring a majority stake in East West Properties PLC on July 8, 2025, for Rs. 3.23 billion, strengthening his real estate portfolio.