Piramel Glass deal energises CSE
By Hiran H.Senewiratne Piramal Glass Ceylon PLC ‘s largest shareholder, Piramal Glass Pvt Ltd, entered into a share purchase agreement to sell its entire stake of 56.45 percent in the company to Pristine Glass Pvt Ltd for Indian Rs. 5.166 billion. In a CSE filing the company noted that the Board of Directors of Piramal Glass Ceylon has entered into a sale and purchase agreement with, inter alia, Piramal Glass Pvt Ltd (seller) and Pristine Glass Pvt Ltd ( purchaser), a company duly incorporated under the laws of India, for the sale and purchase of 536,331,880 shares (56.45 percen...
Source: island.lk
