Lanka Realty Investments advances strategic divestment and capital infusion

Lanka Realty Investments PLC (LRI) yesterday announced two major steps in its strategic repositioning and financial strengthening journey – the divestment of Baseline Holdings Ltd., for Rs. 1.1 billion on 18 July and a capital infusion of approximately Rs. 1.21 billion into HQ Colombo, as formally disclosed to the Colombo Stock Exchange on 11 May.

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Lanka Realty Investments advances strategic divestment and capital infusion

Lanka Realty sold Baseline Holdings for Rs. 1.1B and infused Rs. 1.21B into HQ Colombo as part of its strategic and financial repositioning.

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