Quibit wrote:WATAWALA PLANTATIONS
ISIN : LK0246N00005
Today’s Last Traded Price (Rs.) : 17.00
Change (Rs.) and (%) 0.90 (5.59%)
Turnover (Rs.) 3,018,755,330.00
Share Volume 150,937,901
Trade Volume 7
The controlling stake changed in hands today.
The largest shareholder "Estate Management Services (Pvt) Ltd (EMSL)" held ~74% of WATA.N has sold today to "Sunshine Wilmar (Pvt) Ltd". Sunshine (SUN.N) was the controlling party of EMSL too. So, it appears that the transaction is a part of SUN's group restructuring process taking WATA under its direct control.