Wednesday, September 10, 2014

Otara Gunewardene sell ODEL to Softlogic !


News in Flash!

Otara Chandiram Del Gunewardene (Chief Executive Officer & Executive Director ) and her brother
Ruchi Hubert Gunewardene(Chairman ) has just sold their total shareholdings to Softlogic!

As per statement made by Softlogic Holdings PLC the Chairman of Softlogic Ashok Pathirage, the founder of ODEL Otara Gunewardene and the directors Ajith and Ruchi Gunewardene sold out 44.5 percent of their company shares to Softlogic .

ODEL was founded by Otara Chandiramon Del Gunewardene on October 31, 1990 and is headquartered in Rajagiriya, Sri Lanka.

in July 2010, Odel became the first fashion retail business to be listed on the Colombo Stock Exchange with an IPO of 16.7 million shares, an 11.52 per cent stake in its equity.

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