# Dhammika Perera acquires controlling stake in DHT Cement for $20M

Dhammika Perera, through his investment company Valible X, acquired a 51% stake in DHT Cement for $8 million and injected an additional $12 million via new shares, totaling $20 million. The plant is located in Ekala, Sri Lanka.

- Type: Acquisition
- Announced: 2025-04-24
- Where: Ekala, Sri Lanka
- Value: $20.0M
- Status: completed
- Products: Ordinary Portland Cement, PowerTech Premium Cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Valible X](https://endata.com/companies/84354.md) (acquirer)
- [DHT Cement](https://endata.com/companies/84355.md) (target)

## Sources

- [themorningtelegraph.com](https://themorningtelegraph.com/26237/), 2025-04-24: "Sri Lankan business magnate Dhammika Perera has made a major foray into the cement industry, acquiring a controlling 51% stake in DHT Cement."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.