Chairman Godahewa buys more into Colombo Land

Tuesday, 23 August 2011 00:40 - - {{hitsCtrl.values.hits}}

Chairman Dr. Nalaka Godahewa was among buyers of Colombo Land Development yesterday.

Around 1.86 million shares of CLND traded yesterday between a high of Rs. 67 and a low of Rs. 62.50 before closing at Rs. 64, down by Rs. 1.60.

Godahewa had picked up 350,000 shares at Rs. 65.50 in a deal worth Rs. 23 million. As at 30 June 2011, he had two million shares amounting to a 1% stake in the company.

Godahewa, who is also the Chairman of Sri Lanka Tourism, now becomes the seventh largest individual shareholder of Colombo Land, control of which is held by Singapore-based shareholders who collectively own 35%, Dilith Jayaweera-controlled Kalpitiya Beach Resort 20.1% and Urban Development Authority 17.45%.