Hayleys acquires Singer Sri Lanka for Rs 10.89 billion

Hayleys PLC, controlled by business magnate Dhammika Perera, has purchased a 61.73 percent stake in SINGER (Sri Lanka) PLC this morning (15).

Hayleys has acquired 231,864,362 shares of SINGER Sri Lanka at
the price of Rs 47.00 per share.

The total value of the transaction is reportedly Rs 10.89 billion (Rs 10,897,625,014.00).