Sri Lanka’s Piramal Glass unit sells more land

July 17, 2013 (LBO) - Sri Lanka's Piramal Glass Ceylon Plc, a unit of India's Piramal group said it was selling a second tranche of its former factory premises in a Colombo suburb for 415 million rupees.

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The company said in a stock exchange filing that the land had been sold to Ideal Motors (Pvt) Ltd.

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The firm had already sold a part of the land in Ratmalana for 355 million rupees where profits were recognized in the June 2013 quarter.

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