Billionaire entrepreneur Dhammika Perera has added another major acquisition to his growing portfolio, securing a 40% stake in Harischandra Mills PLC.
Market sources confirmed that 778,946 shares were acquired this morning from Senthilverl Holdings (PVT) Ltd, the investment arm of veteran investor Dr. T. Senthilverl.
The transaction, valued at Rs. 2.57 billion, was executed at Rs. 3,300 per share, marking a significant realignment in Harischandra Mills’ shareholder structure.
This is Perera’s fourth major deal in 2025, further reinforcing his strategy of aggressive diversification across key segments of the Sri Lankan economy.
In September, his holding company Vallibel One PLC, alongside LB Finance PLC, announced plans to acquire a majority stake in Associated Motor Finance Company PLC, a CSE-listed finance firm.
Earlier this year, Perera made headlines with the merger of Laugfs Holdings and Vallibel Three, aimed at streamlining operations and increasing market influence.
On July 8, 2025, he also finalized the Rs. 3.23 billion acquisition of East West Properties PLC, expanding his footprint in real estate.
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