Thursday, 24 August 2023 09:58

Founder shareholder Debug Investments exits WindForce PLC Featured

Founder shareholder Debug Investments has exited WindForce PLC with several high-net-worth investors including H.M. Udeshi picking up quantities.

Debug in a filing to the Colombo Stock Exchange said it sold 35 million shares at Rs. 19 each in a deal worth Rs. 665 million.

Debug Investments Ltd., as at 30 June 2023 held 46.4 million shares or 3.43% stake in WindForce PLC.

Akbar Brothers hold 36.5% stake followed by Hirdaramani Ltd., 20.67%.

In June last year Debug held 82.7 million shares of 6% stake in WindForce.

In April this year it sold 5 million shares at Rs. 17.50 each whilst in September last year it divested 2.8 million shares at Rs. 18 each preceded by 7 million shares at Rs. 17.60 in August and 29.4 million shares at Rs. 15.70 in June last year.

 

 

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