Senthilverl Holdings buys 25.5% of Serendib Land for Rs. 152.5 m

Tuesday, 28 October 2025 00:25 - - {{hitsCtrl.values.hits}}

Senthilverl Holdings has acquired a majority 25.48% stake in Serendib Land PLC by purchasing 101,643 shares from Finco Holdings Ltd. at Rs. 1,500 per share.

The transaction, valued at Rs. 152.46 million, was carried out on 24 October.

In addition to the main transfer, a further 100 shares were traded on the market at prices ranging from Rs. 1,500 to Rs. 1,580 per share, accounting for a negligible 0.02% of the company’s equity.

Following the transaction, the total shares transferred from Finco Holdings amount to 25.48% of Serendib Land PLC’s issued share capital.

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.

Serendib Land gained Rs. 2 to close at Rs. 1,649.75 a share yesterday.