Renuka Organics Private Limited, a subsidiary of Renuka Agri Foods PLC has subscribed to 9,899,985 shares at Rs. 20 each of Kandy Plantations Limited on 31 March 2015.

The value of the shares is Rs. 197,999,700 which is equivalent to 93.6 per cent issued shares of Kandy Plantations Limited.

Renuka Organics Private Limited has also invested in 1,600,000 issued shares in Renuka Consumer Foods Ltd. at Rs. 206 per share.