TAD Lanka Plantations (Pvt) Ltd made a bid to acquire 18.9% stake in Hunas Falls Hotels PLC (COSE:HUNA-N-0000) for LKR 200 million on January 24, 2019. TAD Lanka Plantations (Pvt) Ltd will acquire 1.06 million shares of Hunas Falls Hotels PLC at a price of LKR 187 per share. Offer open date and closure date is February 18, 2019 and March 11, 2019 respectively. The offer is unconditional. The transaction is approved by Board of Directors of TAD Lanka Plantations (Pvt) Ltd. TAD Lanka Plantations (Pvt) Ltd completed the acquisition of 12.4% stake in Hunas Falls Hotels PLC (COSE:HUNA-N-0000) for approximately LKR 130 million on March 11, 2019. TAD Lanka Plantations (Pvt) Ltd acquired 0.7 million shares. Post completion, TAD Lanka Plantations (Pvt) Ltd holds 5.3 million shares in Hunas representing 93.5% stake.