Sri Lanka’s Renuka Agri Foods buys 100-pct of diary unit

Mar 12, 2013 (LBO) - Sri Lanka's Renuka Agri Foods said it had bought a residual stake in Rich Life Dairies, a firm which produces ready to drink flavoured milk and fruit juices raising its stake to 100 percent.
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Renuka Agri Foods said in stock exchange filing that it had paid 100 million rupees for 24 percent of the firm.
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In January 2012, Renuka said it had paid 505 million rupees to buy a 76 percent stake in the diary firm.

In September the firm said in had injected 250 million rupees to the diary firm through debentures.

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