Sri Lanka's John Keells Holdings (JKH) has sold 37 million shares in Keells Hotels as part of an initiative to raise capital. The company raised LKR800m ($7m), which it plans to invest in other areas of leisure and property. JKH owned 82.9% of the hotel unit before t
Sri Lanka’s John Keells Holdings (JKH) has sold 37 million shares in Keells Hotels as part of an initiative to raise capital.
The company raised LKR800m ($7m), which it plans to invest in other areas of leisure and property.
JKH owned 82.9% of the hotel unit before the sale, according to lankabusinessonline.com.
