Hewawasamge Ravindranath Srilal Wijeratne agreed to acquire 90.78% stake in MTD Walkers PLC (COSE:KAPI.N0000) from MTD Capital Bhd on September 9, 2019. Hewawasamge Ravindranath Srilal Wijeratne will acquire 152.18 million shares from MTD Capital Bhd. As on October 8, 2019, the transaction has been blocked by Commercial High Courts of Colombo until all outstanding dues of the bank have been settled. Hewawasamge Ravindranath Srilal Wijeratne cancelled the acquisition of 90.78% stake in MTD Walkers PLC (COSE:KAPI.N0000) from MTD Capital Bhd on January 28, 2020. The transaction was cancelled as there was no positive development on the transaction.