“United Motors Lanka PLC (UML) yesterday announced that it sold its entire stake in TVS Lanka (Private) Limited to the TVS parent company in India for Rs 1 billion.
In a filing to the Colombo Stock Exchange, UML said it sold 17.5 million shares in TVS Lanka, representing a 50 percent stake, to TV Sundaram Iyengar and Sons (Private) Limited, which is the holding company for TVS,” reported Daily Mirror Sri Lanka.
AZB & Partners advised
2019-03-26
Deal value: Rs 100 crore
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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