Durga Infra Ltd has increased its shareholding in Hatton Plantations PLC to 12.5%, after purchasing 10,245,384 ordinary voting shares at Rs. 25.60 per share on May 6, 2026.
The transaction is valued at approximately Rs. 262.3 million, the Daily FT reported.
Prior to the purchase, Durga Infra held 19.34 million ordinary shares in the plantation company, representing an 8.17% stake. Following the latest acquisition, total holdings have risen to 29.58 million ordinary shares, equivalent to 12.5% of Hatton Plantations’ issued share capital of 236.67 million shares.
Hatton Plantations reported net assets of Rs. 22.40 per share as of end-December 2025, well above the per-share transaction price of Rs. 25.60. The plantation joins Chilaw Plantations, which posted a record Rs. 650 million profit for 2025, among Sri Lankan plantation listings drawing strategic investor interest.
Lotus Renewable Energy Ltd remains the largest shareholder in Hatton Plantations at 75.65%, followed by Regency Teas Ltd with 12.28%. Durga Infra’s enlarged stake is now broadly comparable to Regency Teas’ holding.
Plantation counters have drawn periodic strategic acquisitions on the Colombo Stock Exchange as tea export earnings and land-bank revaluations support investor interest in the sector.
Source: Daily FT.
