Prominent investor at the Colombo Stock Exchange, Dr. T. Senthiverl now owns 14.432 per cent shares of Vallibel Power Erathna PLC headed by another prominent Sri Lankan businessman Dhammika Perera.

This increase in shares is following Dr. Senthilverl acquiring 105.8 million shares of Vallibel Power on 04 November. Currently he is in possession of 107.8 million shares on Vallibel Power.

The second largest stakeholder in Vallibe Power Erathna - Asia Energy Management Systems sold its 21 per cent shares on 04 November for nearly Rupees one billion.

Vallibe Power Erathna is the largest public quoted mini hydropower company in Sri Lanka with three mini hydropower plants in Kuruwita, Rathnapura and Norton Bridge.

While speaking to adaderanabiz.lk, a member of the Vallibel Power Erathna directorate, Nimal Perera said that each share in this transaction had been sold at between Rs. 6.60 to Rs. 5.50.

Asia Energy Management Systems had held 160 million shares in Vallibel Power Erathna and this entire lot had been sold.