Ceyline Investments (Pvt) Ltd made an offer to acquire 27.49% stake in Dankotuwa Porcelain PLC (COSE:DPL.N0000) for LKR1.3 billion on August 15, 2023. Transaction is expected to close on September 5, 2023. Varners and Varners, Investment Banking Arm acted as legal and financial advisor to Ceyline Investments (Pvt) Ltd.