Acquiring Company
Dhammika Perera
Acquired Company
Harischandra Mills PLC
ColomboColomboReal EstateFood and BeverageAgriculture and FarmingManufacturingDescription
Dhammika Perera has completed the acquisition of a 40% stake in Harischandra Mills PLC for Rs. 2.57 billion. The shares were purchased from Senthilverl Holdings, marking a significant move in Perera's investment activities. This acquisition highlights his ongoing strategy to expand his influence across various sectors. The deal closed recently, reflecting his aggressive growth plan.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed