Vallibel One said it had sold its shares in its subsidiary Orit Apparels Lanka Private Limited at Rs. 40.27 per share.
These shares have been purchased by Orit Apparels Lanka Private Limited chairman Channa Prabodha Palansuriya who already owns the remaining 50% shares of Orit Apparels Lanka.
Vallibel One is controlled by prominent businessman Dhammika Perera, known as the richest person in Sri Lanka.