Lotus Renewable sells partial Hatton Plantations stake for Rs. 248 m

Thursday, 30 October 2025 05:54 - - {{hitsCtrl.values.hits}}

Hatton Plantations PLC yesterday said that its parent company, Lotus Renewable Energy Ltd., has sold over 8.4 million ordinary shares, representing 3.56% of the company’s issued shares, for Rs. 247.9 million to Durga Infra Ltd.

The transaction was executed on Tuesday (28) at a price of Rs. 29.40 per share.

Hatton Plantations said its Board of Directors was notified of the transaction on the same day.

The sale marks a partial divestment by Lotus Renewable Energy, which remains the parent company of Hatton Plantations PLC.

As of 30 June 2025, the company reported a net asset value per share of Rs. 21.64. At that date, Lotus Renewable Energy was the top shareholder with a 75.65% stake, followed by Regency Teas with 12.28%.

With partial divestment, Lotus Renewable Energy remains the top shareholder, with Durga Infra likely becoming the third-highest shareholder.