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06 July, 2015 08:15 AM Source: Financial Times - Sri Lanka
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Pacific Textured Jersey Holdings Ltd., the largest shareholder in Textured Jersey Plc (TJL), has shed 10% stake in the company from original holding of 39.65%.
On Friday it sold 66.07 million shares in TJL for Rs. 1.77 billion or Rs. 26.80 per share.
Around 75% of the 10% stake has been acquired by foreign institutional investors and the balance by locals. Brandix Lanka Ltd. holds 29.81% stake in TJL.
The company also announced that it has concluded the acquisition of Quenby Lanka Prints Ltd. for $ 3.5 million, making it a wholly-owned subsidiary.

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