ECONOMYNEXT – Sri Lanka’s Browns Group has sold a 61% stake in Agalawatte Plantations to D. R. Investment (Pvt) Ltd, a stock exchange filing said.
Browns sold 15,274,527 million shares at Rs18 a share in a Rs274.9 million deal.
Its controversial acquisition of the loss-making Agalawatte Plantations from Mackwoods group had been challenged in court.
Browns sold 15,274,527 million shares at Rs18 a share in a Rs274.9 million deal.
Its controversial acquisition of the loss-making Agalawatte Plantations from Mackwoods group had been challenged in court.
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