Broga Hill Investments sells its stake in John Keells Holdings

Jan 09, 2020 (LBO) – Special-purpose investment vehicle of Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investments Limited has sold its stake in John Keells Holdings for 22.6 billion rupees.

141,854,717 shares equivalent to 10.8 percent of John Keells Holdings has sold to a foreign buyer today morning at 10.03 am.

Broga Hill Investment Limited was the second-largest investor of John Keells Holdings and the share trade marked the highest turnover in over a decade.

Meanwhile, the stock market yesterday showed its sharpest loss in recent weeks. The ASPI slipped from 6,026 points to 5,898 points and the S&P SL 20 Index went down by 2.6 percent. Turnover was 624 million rupees.