EconomyNext : Sri Lanka’s Hayleys paid 2.57 billion rupees to buy a 40 percent stake in Harischandra Mills, the company said in stock exchange filing.
The company paid 3,300 rupees a share for 779,946 shares.
Senthilverl Holdings was the seller.
Asia Securities handled the transaction.
In retail trade Harishchandra closed up 2,475 rupees at 7,424 rupees.