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Thursday Dec 12, 2024
Friday, 25 August 2017 00:00 - - {{hitsCtrl.values.hits}}
Browns Investments (BIL) Chairman Ishara Nanayakkara has purchased 111 million shares or 8% stake of Browns Capital (FLCH) for Rs. 444 million.
The deal done at Rs. 4 per share was through Churchill Capital Ltd, in which Nanayakkara is the sole director and shareholder. Subsequent to the above acquisition, Nanayakkara holds a 9.8% stake in FLCH.
Browns Capital Holdings owns 61% stake in Browns Capital.
