Electronic media baron and high net worth investor Rayynor Silva yesterday picked up a further quantity of 2 million shares of Hayleys PLC increasing his stake to around 16 million shares or nearly 3%.
Hayleys saw 4.46 million of its shares trade for Rs. 417.8 million and accounted for 18% of the day’s turnover.
Rayynor had picked up most of his shares yesterday at prices ranging Rs. 92.50 per share and Rs. 94 per share. Hayleys share price closed at Rs. 93.90, up by Rs. 2.90 or 3.2%.
As exclusively reported yesterday, Rayynor raced to become the third largest shareholder of Hayleys PLC within weeks. At end of 2023, Hayleys share price was Rs. 71.50 and in the December quarter touched a high of Rs. 92.90 and a low of Rs. 70.90. Net asset value per share is Rs. 108.16
Dhammika Perera is the largest shareholder of Hayleys PLC with 51% stake followed by Trustees of the D. S. Jayasundera Trust owns 11.6%. The previous third largest shareholder was McLarens Holdings Ltd., owning 13.2 million shares or 1.76%
The Hayleys Group is a leading diversified conglomerate in Sri Lanka, and one of the country’s largest value-added exporters. Hayleys accounts for approximately 5.5% of Sri Lanka’s export income, 4.6% of its tea and 4.7% of its rubber production, with business interests in 16 diverse sectors, catering to over 80 markets worldwide. Hayleys commands globally leading market positions in several key sectors, such as transportation and logistics, agriculture and retail, accounts for 5% of global demand for household and industrial gloves and is the world’s largest manufacturer of coconut-shell based activated carbon.
Hayleys has gained Rs. 487.43 BN as their turnover in 22/23 fiscal years and has scored Rs. 61.07 BN as their operating profit.