Piramal Glass Pvt Ltd on Tuesday sold its 56 per cent stake in the company in early trade on the Colombo Stock Exchange.
Piramal Glass' 536,331,880 shares crossed at Rs.11.6 in a Rs. 6.2 billion transaction. To whom the stake was sold was still unclear with stockbrokers predicting it was sold to a foreign buyer.
Private equity giant Blackstone acquired the parent, the globally diversified Piramal Group' glass packaging business, Piramal Glass, some months ago. Stockbrokers said Tuesday's deal was a part of this transaction.
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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