In a disclosure to the Colombo Stock Exchange (CSE), the board of MTD Walkers PLC  informed that Lakma Holdings (Pvt.) Ltd led by Dr. Arosha Fernando has signed a share sale and purchase agreement to acquire 90 percent of the shareholding of the company, from its Malaysian parent MTD Capital BHD.
A statement issued to the media by Dr. Fernando said the acquisition is subject to a legal due diligence by Nithya Partners and a financial due diligence by Price Waterhouse Coopers (PWC).