Lamurep Investments Limited offered to acquire an additional 67.55% stake in Sunshine Holdings PLC (COSE:SUN-N-0000) for LKR 4.3 billion on January 2, 2017. Lamurep Investments Limited will acquire 91.2 million shares of Sunshine Holdings PLC for LKR 47.50 per share. Post completion Lamurep Investments Limited will own 99.68% stake in Sunshine Holdings PLC. The offer shall not become or be declared unconditional as to acceptances from the commencement of the offer until Lamurep Investments acquires more than 50% of the shares of Sunshine. Deepcar Limited, Sampath Bank PLC (COSE:SAMP-N-0000), Seylan Bank PLC (COSE:SEYB-N-0000), T Senthilverl and V. Govindasamy informed in writing that they would not accept any offer. The transaction is expected to close on February 23, 2017. As of February 22, 2017, the transaction is expected to be completed on March 9, 2017 due to pending approval of SEC for dispatch of independent advisor report to the shareholders. SEC approved the extension of the offer period on March 8, 2017 and now the transaction is expected to close on March 20, 2017.