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07 May, 2013 08:37 AM Source:

Royal Ceramics Lanka PLC, a unit of Vallibel group has bought a 76-pct stake of Lanka Ceramics PLC, a tile maker.

A stock market disclosure issued by Royal Ceramics announced that it purchased 22.83 million shares of  Lanka Ceramics PLC, which constitutes the above said stake.

The price has been ranging between Rs. 86.90 and Rs. 120 per share.

Lanka Ceramics which came under Ceylon Theatres Group is engaged in manufacturing of Tableware, Sanitary ware, Hotel and Ornamental ware and low- tension insulators for export and local markets. More...

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