Lanka Realty Investments PLC has acquired 50.8% of the issued capital of Colombo Stock Exchange listed On’ally Holdings PLC for Rs. 1,426,770,310.00 (Rs.1.42 billion).

In a stock exchange filing today (03) On’ally Holdings PLC announced that Lanka Realty Investments PLC has acquired 50.8% ( 47,244,050 shares) of the issued capital (93,003,087 shares) of the company with the purchase of shares made on 3 December 2020 at a price of Rs.30.20/- per share.

Meanwhile, in a separate filing Renuka Capital PLC announced today (03) that it has sold and disposed of 40,754,820 Ordinary Shares (43.821%) held by the Company in On’ally Holdings PLC to Lanka Realty Investments PLC at a value of Rs.30.20 per share on the Colombo Stock Exchange. Renuka Capital PLC is the second largest shareholder of On’ally Holdings PLC.