Dialog to acquire 26% stake in Anything.lk
MONDAY, 10 DECEMBER 2012 10:40
Dialog Axiata PLC announced it had entered in to a Shareholders Agreement (SHA) with the shareholders of Digital Commerce Lanka (Pvt) Ltd (DCL), which owns Anything.lk, an e-commerce site to acquire 26% of the stake at a value of US $ 1.59 million (Rs.207 million). The SHA provides an opportunity for Dialog to increase its stake of DCL over the ensuing period.
The corporate disclosure submitted to the Colombo Stock Exchange further notes the objective is to merge the business operations of Anything (Pvt) Ltd. with the e-commerce arm of Dialog which includes ibuy.lk, tradenet.lk and recently launched mytrader.lk in order to launch WoW,lk as Sri Lanka’s largest online mall.