Senthilverl ups stake in Serendib Land to 38.3%

Tuesday, 18 November 2025 01:49 - - {{hitsCtrl.values.hits}}

Senthilverl Holdings has increased its stake in Serendib Land PLC to 38.3% with the purchase of 12.85% shareholding from Janashakthi Insurance PLC for nearly Rs. 77 million.

Senthilverl acquired 51,094 shares at Rs. 1,500 each and an additional 158 shares at prices ranging from Rs. 1,580 to Rs. 1,651.50 a share.

In October, Senthilverl Holdings bought a 25.48% majority stake in Serendib Lanka PLC for Rs. 152.46 million at Rs. 1,500 per share.

The company reported an un-audited net asset value of Rs. 1,797.83 per share as of 30 June.

The public float was less than 11%. As of end-June 2025, Finco Holdings was the main shareholder at 26.43%, followed by Gee Gees Properties 21.32%, Gitanjali Gajaluckshmi Ltd. 21.30%. Senthilverl Holdings is now the top shareholder after the 24 October deal.