Ambeon Capital secures controlling stake in Myland Developments
Daily Mirror - Sri Lanka
|September 05, 2025
Ambeon Capital PLC will acquire 18.5 million ordinary shares in Myland Developments PLC at Rs. 8.50 per share, giving it a 51.03 percent stake in the company.
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The transaction is scheduled to settle on 9 September 2025.
The founders of Myland, Nalin Perera and Iresha Dissanayake, divested a total of 81 percent of the company’s shares in the deal, marking the first instance of a Sri Lankan family business listing on the Colombo Stock Exchange (CSE) and successfully divesting 100 percent of the shares they held.
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