Among the traded were two crossings involving 400,000 shares at Rs.480 each with the buyer being SLIC. Sellers were Colonial’s controlling shareholder The Colombo Fort Land and Building Co. (CFLB).
In August CFLB bought a 12% stake at Rs. 290 per share whilst it already owned a 52% stake. The seller was Dr. T. Senthilverl. Via this week’s sale, CFLB had made a tidy capital gain as the sale price was Rs. 480, which is Rs. 261 or 90% above the price it paid
in August in acquiring a 12% stake. Last week Colonial share price dipped by Rs. 20.70 to close at Rs. 466.30 whilst its 52-week highest is Rs. 530.
I think story is same for TESS and BLUE..