Homehttp://www.cse.lk/cmt/upload_cse_announcements/4181420014499_.pdf
VLL now has a 10.2% stake in PAP
VLL now has a 10.2% stake in PAP
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3 posters
VLL aquires stake in PAP
First Guy- Posts : 2599
Join date : 2014-02-22
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Is that the reason for the uptrend? Will it come down, now that the acquisition is over?
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Thanks FG.First Guy wrote:http://www.cse.lk/cmt/upload_cse_announcements/4181420014499_.pdf
VLL now has a 10.2% stake in PAP
Ethical Trader- Top contributor
- Posts : 5568
Join date : 2014-02-28
Did not study power sector for some time. Must look at now. Thanks.sashimaal wrote:Is that the reason for the uptrend? Will it come down, now that the acquisition is over?
First Guy- Posts : 2599
Join date : 2014-02-22
Hydro power is interesting - VPEL, VLL, HPFL, PAP
I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL
VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.
I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL
VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.
sashimaal- Top contributor
- Posts : 5785
Join date : 2014-02-28
Thanks FG, +
First Guy wrote:Hydro power is interesting - VPEL, VLL, HPFL, PAP
I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL
VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.
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