CJ Patel has bought a 21.1 percent stake in Shaw Wallace Ceylon Ltd, a subsidiary, the group said in a stock exchange filing.
CJ Patel and its nominees now held 42.4 percent of Shaw Wallace Ceylon Ltd, while the Renuka Consumer Foods also held 4.2.4 percent and 75.8 percent of non-voting shares.
CJ Patel operated in 10 countries including, Australia, New Zealand, Papua New Guinea, Samoa, Tonga and India. The group produced noodles, confectionery and processed fish and agricultural products.