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

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

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.