Watawala Plantations PLC (COSE:WATA.N0000) agreed to acquire Moragoda Agro Services (Pvt) Ltd from Aruna Moragoda for LKR 88.5 million on March 21, 2022. Corporate Services (Private) Limited acted as legal advisor to Watawala Plantations PLC. A sum of LKR 2.25 million was paid on march 21, 2022, LKR 67.5 million is paid on April 18, 2022 and the remaining LKR 18.7 million will be paid on the execution of the long terms lease for 500 acres of land.