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Browns Investments expands Leisure Sector – Acquires Serendib Hotels December, 17, 2020 LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792Mn. 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 Hotel Lanka PLC. With this investment, BI will add Club Hotel Dolphin, Hotel Sigirya, Avani Bentota Resort and Lantern Beach Collection, Mirissa along with ...

LOLC Holdings PLC’s strategic Investment arm, Browns Investments PLC (BI), acquired the controlling stake of 55.65% of Serendib Hotel PLC (Serendib) for a consideration of Rs.792Mn. 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 Hotel Lanka PLC. With this investment, BI will add Club Hotel Dolphin, Hotel Sigirya, Avani Bentota Resort and Lantern Beach Collection, Mirissa along with their management companies to BI’s existing leisure portfolio, The Eden Resort & Spa in ...

LOLC says acquisition is aimed at capturing post-COVID growth in tourism business Hemas says divestment is part of group’s portfolio direction and focuses on uplifting return on equity from core segments LOLC Holdings PLC’s strategic investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65 percent of Serendib Hotel PLC, a subsidiary of Hemas Group, for a consideration of Rs.792 million.  With this acquisition, BI will hold 56.67 percent of voting shares and 53.48 percent of non-voting shares of Serendib.  Ishara Nanayakkara BI’s subsidiary leisure...

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...