Renuka Agri Foods to purchase 76% capital of Richlife Dairies
Renuka Agri Foods Plc has entered into an agreement to purchase
seventy six percent of the issued share capital of Richlife Dairies
Limited.
According to the Colombo Stock Exchange, the deal grants Renuka Agri
Foods the exclusive right to purchase the aforesaid shares upon the
compeletion of a due diligence exercise.
Renuka Agri Foods Plc has, in terms of agreement reached, assumed
management control of Richlife Dairies from January 13 under the deal.
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