Browns Investments is acquiring a 90 per cent stake in both Udapussellawa Plantations and Hapugastenne Plantations at a combined price of Rs.1.9 billion from James Findlay Ltd, owner of the two plantations.
A transaction agreement to this effect was signed between the buyer (Browns) and seller (James Findlay) on Wednesday (December 22), Browns Investments informed the Colombo Stock Exchange on Thursday.
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
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