Melstacorp parent ups stake to 42.97% with Rs. 165 m worth share purchase

Monday, 16 March 2026 04:59 - - {{hitsCtrl.values.hits}}

Milford Exports Ceylon (Ltd., the ultimate parent entity of Melstacorp PLC, has increased its shareholding in the company following a fresh purchase of shares on 12 March 2026 valued at Rs. 165 million.

On Friday, Melstacorp announced that Milford Exports Ceylon had acquired a further 1,000,000 shares of the company in addition to the 499,819,000 shares already held.

Following the acquisition, Milford Exports Ceylon’s shareholding in Melstacorp increased from 42.89% to 42.97%.

The company said the shares were purchased at a price of Rs. 165 per share.

Milford Exports Ceylon is the ultimate parent entity of Melstacorp, which is a diversified conglomerate with interests across beverages, plantations, leisure, and financial services.

The Melstacorp share prices ended Friday down Rs. 1.75 at Rs. 165. The company reported a net asset value of Rs.131.99 per share as of end-December 2025. Lanka Milk Foods was the second highest shareholder at that date with a 13.03% stake, followed by M.A. Yaseen (12.77%) and L.E.M. Yaseen (6.89%)