Hatton Plantations sharpens competitive edge through strategic partnership with Regency Teas ft.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ft.lk Daily Mail and Mail on Sunday newspapers.
Hatton Plantations sharpens competitive edge through Strategic Partnership with Regency Teas
December, 28, 2020
Hatton Plantations (HPL) is entering into a Partnership with Regency Teas, a milestone in the Company’s rapid and remarkable progress. In a share trade off completed this week, Regency Teas has made a strategic investment of Rs.290 million by acquiring close to 30 million Hatton Plantations (HPL) shares from Lotus Renewables (LRE), representing 12.28% of HPL’s share capital, an announcement made to CSE stated.
Lotus Renewables is an energy sector leader in the country, with a diverse company portfolio including HPL. One of Sri Lanka’s largest tea producers, HPL generates close to 10 million kilograms of tea, with 14 estates and 11 factories. Its plantations span is in excess of 7,200 hectares of land, and its premium quality high grown teas are grown in estate elevations reaching 4,800 ft above sea level.
Regency Teas buys 10% stake in Hatton Plantations for Rs 290 m ft.lk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ft.lk Daily Mail and Mail on Sunday newspapers.