ACL Cables PLC (COSE:ACL.N0000) entered into a share sale and purchase agreement to acquire 51% equity interest in Cable Solutions (Private) Limited from its existing shareholders for approximately LKR 480 million on November 25, 2019. The overall transaction contemplated includes the purchase of upto 75% stake in Cable Solutions by ACL Cables PLC and a consortium of investors. The deal is subject to several conditions as per share sale and purchase agreement. ACL Cables PLC (COSE:ACL.N0000) completed the acquisition of 51% equity interest in Cable Solutions (Private) Limited from its existing shareholders on December 19, 2019. A portion of the purchase price has been placed in escrow to be handled in accordance with the provisions of the share sale and purchase agreement.