On’ally Holdings PLC 12% stake traded

Business

On’ally Holdings PLC, engaged in property development and real estate business, saw a 12 per cent crossing at Rs. 48 by 12.45 on Wednesday with brokers saying that Renuka Capital PLC which has been collecting this share since last year may have bought it.

They bought 23 per cent stake in On’ally Holdings last September.

The 12 per cent was the exact stake held by the estate of late O. Gulamhusein as at last September. The Urban Development Authority is the biggest shareholder with 47.6 per cent stake. On’ally Holdings operates the Unity Plaza building at Bambalapitiya. (DEC)

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