Aitken Spence Hotel Holdings invests Rs1.67bn in Ahungalla Resorts

Mar 15, 2016 (LBO) – Sri Lanka’s Aitken Spence Hotel Holdings has invested 1.67 billion rupees in 36 million shares in its subsidiary, Ahungalla Resorts Limited, the Company said in a stock exchange filing.

The investment has carried out under the shareholders agreement entered between Aitken Spence Hotel Holdings, Riusa Ned BV, Riusa II S.A. and Ahungalla Resorts in 2013.

Ahungalla Resorts is effectively owned by Aitken Spence Hotel Holdings and Riusa Ned BV, a company incorporated under the laws of Netherlands, in the ratio of 60:40, the company further said.