Page 27 - Marriott Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

news Browns Investments acquires 55.65 % stake of Serendib Hotels Daily News (via HT Media Ltd.) © Provided by Daily News (via HT Media Ltd.) Bodufinolhu, Maldives © Provided by Daily News (via HT Media Ltd.) LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792 million. With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Serendib. The investment was made by BI’s subsidiary leisure company, Eden ...

With latest acquisition will hold 56.67% of voting and 53.48% of non-voting shares  Will add range of luxury properties in both SL and Maldives  Includes lease rights to 3 islands in North Malé, Bodufaru, Kaafu Atol Browns Investments Chairman Ishara Nanayakkara  LOLC Holdings PLC’s strategic investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs. 792 million, the company said in a statement.  With this acquisition, BI will hold 56.67% of voting shares and 53.48% non-voting shares of Ser...