Analysis
Foreign investor leaves Dhammika Perera’s Vallibel Power in Sri Lanka
Nov 04, 201401:17 PM
Asia Energy Management Systems, the second largest investor in Vallibel Power Erathna, the minor hydro power project under prominent Sri Lankan businessman Dhammika Perera, has sold its 21 per cent shares this morning (04 November) for nearly a billion rupees.
A member of the Vallibel Power Erathna directorate, Nimal Perera told adaderanabiz.lk 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.
Accordingly, 175.77 million shares of Vallibel Power Erathna has been sold at Rs. 1.16 billion.
