Dhammika Perera acquires 40% stake in Harischandra Mills

A significant 40% stake in Harischandra Mills PLC, an established consumer goods and milling company, has been acquired by business figure Dhammika Perera in a major transaction on the Colombo Stock Exchange (CSE).

Market sources confirmed the deal's completion, stating that Perera purchased 778,946 shares at Rs. 3,300 each from Senthilverl Holdings (Pvt.) Ltd., the investment vehicle of T. Senthilverl, the company's major shareholder. The total transaction is valued at approximately Rs. 2.57 billion.

This acquisition is Perera’s fourth major deal this year, highlighting a continued aggressive expansion strategy across diverse sectors. In September, his primary investment firm, Vallibel One PLC, along with its subsidiary LB Finance PLC, announced plans to secure a majority holding in Associated Motor Finance Company PLC.

Earlier activities this year included orchestrating the merger of Laufs Holdings and Vallibel Three to consolidate influence and acquiring a majority stake in East West Properties PLC on July 8 for Rs. 3.23 billion, which expanded his real estate portfolio.