FINANCIAL CHRONICLE – Ambeon Essentials, a subsidiary of Ambeon Capital, has made a voluntary offer to purchase 1,919,600 ordinary voting shares of Harishchandra Mills PLC, at 3,400 rupees per share.
The Harishchandra stock was trading down 128.75 rupees at 4,810.25.
In January, Ambeon Essentials entered into a share sale and purchase agreement to buy through a voluntary offer 981,118 ordinary voting shares of Harishchandra Mills held by a consortium of investors. This represented 51.11 percent of the total issued ordinary voting shares of Harishchandra, a publicly listed consumer goods company.
Diversified conglomerate Hayleys Plc previously offered to buy the Harishchandra Mills stock from shareholders at 3,300 rupees per share, after acquiring a 40.58 percent stake. The stock had been rising since Hayleys bought the 778,946 shares in October 2025.
(Colombo/Mar27/2026)
