Aitkens Spence purchases 6.4 mn Melstacorp shares

H.D.H Senewiratne

Aitkens Spence has purchased 6.4 million shares of Melstacorp Limited at a cost of Rs 770 million, which was the largest transaction in the Colombo Stock Exchange (CSE), a stock market source said.

Melstacorp is a 100 % owned subsidiary of Distilleries Company of Sri Lanka PLC which is one of the 10 largest listed companies in the Colombo Stock Exchange (CSE). Melstacorp Limited is the holding company of many subsidiaries and significant interests of the DCSL group including Sri Lanka's largest producer of Sugar and Ethanol, Pelwatte Sugar Industries PLC,Periceyl Private Limited that represents Pernod Ricard brands in Sri Lanka, Milford Holdings (Private) Limited, Melsta Logistics (Private) Limited, Melsta Properties (Private) Limited, Melsta Brands (Private) Limited, Melsta Regal Finance Limited, Belvantage (Private) Limited,Continental Insurance Lanka Limited Splendormedia (Private) Limited,Bogo Power (Private) Limited, Balangoda Plantations PLC, and Lanka Bell Limited.