Lankem Ceylon PLC in a stock exchange filing on Friday (24) announced that it disposed an equity stake of 23.12% (i.e 2,080,518 ordinary shares) in subsidiary company Sigiriya Village Hotels PLC on the trading floor of the Colombo Stock Exchange (CSE) at a price of Rs.32/- per share.

The buyer was Union Investments (Private) Limited, a wholly-owned subsidiary of C M Holdings PLC.

This is a Rs.66.57 million transaction.