Hemas Holdings PLC divested its investment in Hemas Power PLC to a consortium of buyers consisting of NDB Capital Holdings PLC, ACL Cables PLC and Trydan Partners (Private) Limited.

Hemas disposed its entirety of 93mn shares (approximately 75 percent) of the total issued shares of Hemas Power PLC for Rs. 1.6bn at Rs. 17.90 per share today morning.

Two parties had signed the share sale agreement last October.