In a major stock market move worth Rs. 2.57 billion, Sri Lankan business magnate Dhammika Perera has acquired a 40% stake in Harischandra Mills PLC, a long-established listed company on the Colombo Stock Exchange.
The transaction took place this morning (17), with Perera purchasing 778,946 shares from Senthilverl Holdings (Pvt) Ltd, the investment arm of Dr. T. Senthilverl, at Rs. 3,300 per share, according to market sources.
This marks Perera’s fourth major acquisition this year, underscoring his aggressive expansion strategy across key sectors. In September, his investment arm, Vallibel One, together with its subsidiary LB Finance PLC, announced the acquisition of a controlling stake in Associated Motor Finance Company PLC.
Meanwhile, 2025 has been a defining year for the tycoon, as he initiated two other major takeovers — including a high-profile merger involving LOLC Holdings and Vallibel Three Ltd. Earlier, on July 8, Perera also took over a controlling stake in East West Properties PLC, investing approximately Rs. 3.23 billion in that deal.
Dhammika Perera’s latest acquisition further cements his position as one of Sri Lanka’s most influential and expansion-driven business leaders, with a keen eye for strategic growth across diverse industries.