ECONOMYNEXT – Sri Lanka’s George Steuart and Company Limited, the majority shareholder of H V A Foods PLC, has sold over 10 percent of its stake in the company.
George Steuart sold 25 million ordinary voting shares of H V A Foods through several market transactions, according to a stock exchange announcement.
The shares were sold at prices from 3.50 rupees to 4 rupees.
The stock closed down at 3.30 rupees on Friday.
HVA foods owns the Heladiv Tea brand which offers tea and tea-based products internationally.
George Steuart and Company Limited bought a 51 percent stake in HVA Foods in 2020. (Colombo/Jun13/2025)
