Sri Lanka Softlogic to Acquire the Ownership of ODEL!

Malaysia’s Parkson Retail Asia Limited has announced yesterday that they have accepted the mandatory offer made by Softlogic Holding PLC, the company said in a Colombo Stock Exchange announcement.

Parkson Retail held 129,150,864 shares which represent 47.46 percent stake of the Odel.
The shares will be sold at a price of 22 rupees per share.

The Founder of ODEL Otara Gunewardene and the directors Ajith Gunewardene and Ruchi Gunewardene sold out 44.5 percent of their company shares to Softlogic Holdings PLC for 2.7 billion rupees recently.