Adam Investments (Pvt) Ltd made an offer to acquire remaining 60.22% stake of Orient Garments Ltd (COSE: OGL-N-0000) from a group of shareholders for approximately LKR 260 million on December 4, 2013. As part of transaction, Adam Investments will acquire 33.1 million shares of Orient Garments at LKR 8 per share. The group of shareholders includes PCH Holdings Limited, Finco Holdings (Pvt) Limited, Finco (Private) Limited, Finco Investments (Private) Limited, Seylan Bank PLC, Pan Asia Banking Corporation PLC, Gampaha District Co-operative Rural Bank Union Ltd., Bank of Ceylon, Nikan (Private) Limited, Cravings (Pvt) Ltd and others. Adam Investments already holds 21.84 million shares representing 39.78% stake in Orient Garments. A detailed offer document consisting offer terms and offer period will be dispatched to all the shareholders of Orient Garments on or before January 24, 2013. As of January 20, 2014, Adam Investments (Pvt) extended the offer by 14 market days resulting in the extension of completion from January 22, 2014. Capital TRUST Financial (Pvt) Ltd. acted as financial advisor to Adam Investments.

Adam Investments (Pvt) Ltd cancelled the offer to acquire remaining 60.22% stake of Orient Garments Ltd (COSE: OGL-N-0000) from a group of shareholders on February 10, 2014. The offer got cancelled since Securities and Exchange Commission approved Thirugnanasambandar Senthilverl's offer to acquire remaining 62.14% stake in Orient Garments PLC (COSE:OGL-N-0000) from a group of shareholders for approximately LKR 290 million in cash on February 10, 2014.