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Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b Vote_lcap68%Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b Vote_rcap 68% [ 178 ]
Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b Vote_lcap18%Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b Vote_rcap 18% [ 47 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b

Largest shareholder sheds 10% stake in Textured Jersey for Rs. 1.7b

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Pacific Textured Jersey Holdings Ltd., the largest shareholder in Textured Jersey Plc (TJL), has shed 10% stake in the company from original holding of 39.65%.


On Friday it sold 66.07 million shares in TJL for Rs. 1.77 billion or Rs. 26.80 per share.
Around 75% of the 10% stake has been acquired by foreign institutional investors and the balance by locals. Brandix Lanka Ltd. holds 29.81% stake in TJL.



The company also announced that it has concluded the acquisition of Quenby Lanka Prints Ltd. for $ 3.5 million, making it a wholly-owned subsidiary. 
Courtesy: Daily Financial Times 6 July 2015

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