Three new investors acquire 64.5% of Chrissworld for Rs. 232 m

Wednesday, 4 November 2026 00:20 - - {{hitsCtrl.values.hits}}

Three investors acquired a combined 64.53% stake in Chrissworld PLC (CWL.N) for Rs. 232.3 million on 2 November, buying 19.36 million shares at Rs. 12 each.

Bartleet Religare Securities in a statement yesterday under the Take-Overs and Mergers Code said Hands International Group Ltd., bought 8,850,000 shares, or 29.5% of the issued shares, for Rs. 106.2 million, making it the largest of the three buyers. S.A.D.N. Suraj acquired 6,247,556 shares, or 20.83%, for Rs. 75 million, while SJP Global Ltd., bought 4,260,999 shares, or 14.2%, for Rs. 51.1 million.

None of the three held any shares in Chrissworld prior to the transactions, which Bartleet Religare Securities said were carried out on the written instructions of its clients. The company reported net assets of Rs. 6.40 a share as of end-June 2026 with Chrisslogix Ltd., was the biggest shareholder (67%0 followed by Ceybank Unit Trust (3%). The share ended down 70 cents at Rs. 15.90 yesterday.