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Friday, October 19, 2012

Mercantile exits, Amaya buys 16% Hunas Falls stake for Rs. 58 m

Amaya Leisure Plc yesterday picked up a 16% stake in Hunas Falls Hotels Plc for Rs. 58.4 million.

The stake, amounting to 899,000 shares, was done at Rs. 65 each as a crossing. Hunas share price closed yesterday at Rs. 64.90, up by Rs. 5.30. Seller of the block was Mercantile Investments and Finance Plc, which was the second largest shareholder after Hayleys Group subsidiary Carbotels Ltd., which holds 50.22%. Hayleys and Amaya are related parties.

source - www.ft.lk