Alufab Plc last week became the biggest gainer percentagewise, with investors toasting the takeover by Hayleys Plc.
On Wednesday Hayleys acquired 62.48% stake or 7.534 million shares in Alufab for Rs. 170 million or Rs. 23 per share (a smaller quantity was done at Rs. 23.50). That day Alufab share price rose by 25% or Rs. 4.70 to close at Rs. 23.70.
Swedish-based shareholders Chairman Johan Claesson and Director Victor Press were the main sellers in the deal structured by Adl Cpaital Ltd.
Hayleys also has 51% stake in aluminium market leader Alumex Plc whilst former’s controlling shareholder business leader and ace acquirer Dhammika Perera holds 29% stake in other dominant player Lanka Aluminium Plc.
Alufab gained by 63% or Rs. 12 to close the week at Rs. 31 with 14.46 million traded via 3,198 transactions for Rs. 355.5 million. Intra-week highest was Rs. 33.40.
On Wednesday Hayleys acquired 62.48% stake or 7.534 million shares in Alufab for Rs. 170 million or Rs. 23 per share (a smaller quantity was done at Rs. 23.50). That day Alufab share price rose by 25% or Rs. 4.70 to close at Rs. 23.70.
Swedish-based shareholders Chairman Johan Claesson and Director Victor Press were the main sellers in the deal structured by Adl Cpaital Ltd.
Hayleys also has 51% stake in aluminium market leader Alumex Plc whilst former’s controlling shareholder business leader and ace acquirer Dhammika Perera holds 29% stake in other dominant player Lanka Aluminium Plc.
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