Royal Ceramics PLC, another Dhammika Perera controlled company, who is one of the buyers of Delmege, has already paid Rs. 500 million in consideration of sale and purchase agreement signed on Thursday according to a Stock Exchange filing by RCL.
Vallibe One’s liability is nearly Rs. 1.6 billion to be paid Wednesday when the deal will be finalized.
Nimal Perera said that although Lewis Brown and Co. Ltd., the holding company of Delmege will be the seller, the buyer intends to dispense with the little known Lewis Brown identity and cash in on what he called the invaluable Delmege brand.
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