Analysis
Vallibel One gains from share disposal
Aug 12, 201402:32 PM
Vallibel One PLC disposed of its 50% shares in Orit Apparels Lanka Private Limited and successfully gained a net capital gain of Rs. 137.9 million.
Vallibel One said it had sold its shares in its subsidiary Orit Apparels Lanka Private Limited at Rs. 40.27 per share.
These shares have been purchased by Orit Apparels Lanka Private Limited chairman Channa Prabodha Palansuriya who already owns the remaining 50% shares of Orit Apparels Lanka.
Vallibel One is controlled by prominent businessman Dhammika Perera, known as the richest person in Sri Lanka.
