Renuka Holdings buys 70% stake in Kalamazoo Systems Plc

Friday, 22 July 2016 00:00 - - {{hitsCtrl.values.hits}}

Renuka Holdings Plc on Wednesday bought a 70% stake in Kalamazoo Systems Plc for Rs. 50 million.

The stake amounting to 34,985 shares was purchased at Rs. 1,428 per share.

The major seller was Nimal Perera with 34,325 shares or 68.65% stake.

Renuka is the holding company for subsidiaries engaged in the sectors of Agribusiness (plantations, manufacturing, exports), Dairy, Fast Moving Consumer Goods, Foodservice, Automotive, Investments (portfolio management, real estate) and Services.