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Little than 3 years since Ranjit Page andPage family controlled Millers Brewery bought McCallum Breweryfrom Ukwatte for Rs.1.4 billion in February 2011, it is after finding difficulty to run soft liquerbusinessin tax orbitant policy run Sri Lanka; Ranjit Page has recently disposed entire stake in Millers to Selvanathan brothers owned Carsons Cumberbatch group.
However although Lion and Ceylon Brewery run by Harry Selvanathan and Mano Selvanathan's Carsons group virtually control Sri Lanka's soft liquer business none of the companies nor Cargills nor Carsons has disclosed that they have done the transaction for over Rs.3.5 billion to Colombo Stock Exchange.
Two weeks ago Lion and Ceylon Brewery was recruiting a fresh CEO, Managers and Marketers and a whole lot of staff to thecompany to run Millers operations in public advertisements.However Ranjit Page or Cargills has not yet disclosed to relevant authorities and Millers existing staff that they were sold for Selvanathans.
However although Lion and Ceylon Brewery run by Harry Selvanathan and Mano Selvanathan's Carsons group virtually control Sri Lanka's soft liquer business none of the companies nor Cargills nor Carsons has disclosed that they have done the transaction for over Rs.3.5 billion to Colombo Stock Exchange.
Two weeks ago Lion and Ceylon Brewery was recruiting a fresh CEO, Managers and Marketers and a whole lot of staff to thecompany to run Millers operations in public advertisements.However Ranjit Page or Cargills has not yet disclosed to relevant authorities and Millers existing staff that they were sold for Selvanathans.
