Business Times

United Motors unit sells stake to Janashakthi group firm

Orient Financial Services Corp Ltd, a subsidiary of United Motors Ltd (UML), said on Tuesday that it has sold its entire stake in UML of 23.9 million shares at Rs 230 million to People’s Venture Investment Co Ltd.

The latter is part of the Janashakthi group. No other details were available in the notice posted on the Colombo Stock Exchange website.

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