Hayleys buys 40.5% of Harischandra Mills for Rs. 2.57 b

Saturday, 18 October 2025 00:00 -     - {{hitsCtrl.values.hits}}

Hayleys PLC yesterday said it has purchased 778,946 ordinary shares of Harischandra Mills PLC at Rs. 3,300 each amounting to a 40.58% stake in the company for Rs. 2.57 billion from Senthilverl Holdings Ltd. 

Harischandra Mills’ shares closed up sharply at Rs. 7,424.50 a share yesterday, gaining nearly Rs. 2,500 from the previous close Rs. 4,949.75.

The company reported a group net asset value per share of Rs. 931.40 as of end-June 2025.

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