Adam Investments PLC (COSE:AINV-N-0000) made a tender offer to acquire the remaining 68.85% stake in PC Pharma PLC (COSE:PCP-N-0000) for approximately LKR 120 million in cash on July 3, 2014. Adam Investments already holds a 31.15% stake in PC Pharma PLC. In a related deal, Adam Investments (COSE:AINV-N-0000) made a tender offer to acquire the remaining 57.04% stake in PCH Holdings Limited (COSE:PCHH-N-0000) for approximately LKR 290 million in cash on July 3, 2014. The transaction has been approved by the Board of Adam Investments.


Adam Investments PLC (COSE:AINV-N-0000) completed the acquisition of 0.00099% stake in PC Pharma PLC (COSE:PCP-N-0000) for LKR 1700 on August 20, 2014. Post expiry of tender offer period on August 20, 2014, 1000 shares of PC Pharma PLC were tendered. Adam Investments Limited acquired 1.4 million shares of PC Pharma from Colombo Stock Exchange between July 21, 2014 to August 20, 2014. PW Corporate Secretarial (Pvt) Ltd acted as registrar to the offer.