Economy & Market Companies

Sri Lanka’s Ambeon Essentials makes voluntary offer for Harischandra Mills

Ambeon Essentials, a subsidiary of Ambeon Capital, has made a voluntary offer to purchase 1,919,600 ordinary voting shares of Harishchandra Mills PLC, at 3,400 rupees a share.

The Harischandra stock was trading down 128.75 rupees at 4,810.25.

In January, Ambeon Essentials entered into a share sale and purchase agreement to buy through a voluntary offer 981,118 ordinary voting shares of Harischandra Mills held by a consortium of investors.

This represented 51.11 percent of the total issued ordinary voting shares of Harischandra, a public listed consumer goods company.

Diversified conglomerate Hayleys Plc previously offered to buy the Harishchandra Mills stock from shareholders at 3,300 rupees per share, after acquiring a 40.58 percent stake.

The stock had been rising since Hayleys bought the 778,946 shares in October 2025.

Source: Economy Next