Midland Energy (Pvt) Limited acquired 50% stake in Udaka Energy Group (pvt) Ltd from Vidullanka PLC (COSE:VLL-N-0000) for LKR 15.5 million on November 9, 2018. For the financial year 2017-18, Udaka Energy Group (pvt) Ltd has generated revenue of LKR 18.4 million and loss of LKR 0.5 million. The transaction will not envisage any material effect on Vidullanka PLC' future prospectus. Midland Energy (Pvt) Limited completed the acquisition of 50% stake in Udaka Energy Group (pvt) Ltd from Vidullanka PLC (COSE:VLL-N-0000) on November 9, 2018.