The deal involved the purchase of 779,946 shares at Rs. 3,300 per share, with Asia Securities acting as the transaction facilitator. Senthilverl Holdings, which had held the stake for several years, was the seller in this major market move.
Following the acquisition, Harischandra Mills’ share price surged on the Colombo Stock Exchange (CSE), reaching Rs. 5,250 during mid-morning trading, with around 779,000 shares changing hands.
By the end of the trading day, the stock saw a remarkable rise in retail trade, closing at Rs. 7,424, marking an increase of Rs. 2,475 per share — reflecting heightened investor confidence and market enthusiasm following Hayleys’ entry into the company.
This acquisition marks a significant expansion for Hayleys Group into the food and FMCG sector, strengthening its already diverse portfolio across key industries in Sri Lanka.
