The sale cut its stake in Estate Management Services (Pvt) Ltd to 33.15 percent from 51 percent by the sale of 5.59 million shares, the firm said in a stock exchange filing.
Estate Management Services (Pvt) Ltd is a joint venture with Tata Global Beverages Ltd of India.
It owns a 53.75 percent stake in Watawala Plantations Ltd, which produces tea, rubber and oil palm.
Pyramid Wilmar, a unit of the Singapore based firm is in the palm oil business.
http://www.lankabusinessonline.com/news/sri-lanka-sunshine-holdings-cuts-plantations-unit-stake/1250006804