Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b

Monday, 6 July 2015 00:00 - - {{hitsCtrl.values.hits}}

Pacific Textured Jersey Holdings Ltd., the largest shareholder in Textured Jersey Plc (TJL), has shed 10% stake in the company from original holding of 39.65%.

On Friday it sold 66.07 million shares in TJL for Rs. 1.77 billion or Rs. 26.80 per share.

Around 75% of the 10% stake has been acquired by foreign institutional investors and the balance by locals. Brandix Lanka Ltd. holds 29.81% stake in TJL.

The company also announced that it has concluded the acquisition of Quenby Lanka Prints Ltd. for $ 3.5 million, making it a wholly-owned subsidiary.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.