Major stakeholders sell 62% stake of PAP to RIL Property
Major stakeholders sell 62% stake of PAP to RIL Property Daily News (via HT Media Ltd.) Emerald Sri Lanka Fund, a private equity fund that supports small and mid-sized businesses in Sri Lanka, has announced its divestment in Panasian Power PLC (PAP), one of Sri Lanka’s leading renewable energy solution providers and suppliers of clean energy to the national grid. Emerald Sri Lanka Fund, along with other major shareholders, sold a 62% stake of PAP to RIL Property PLC (RIL), a Sri Lankan conglomerate, for a total sale value of Rs 1.7 billion. NDB Investment Bank acted as the e...
Source: msn.com