Milford Exports ups Melstacorp stake to 42.88%

Monday, 9 February 2026 04:26 - - {{hitsCtrl.values.hits}}

Ultimate parent Milford Exports Ceylon Ltd., has increased its shareholding in Melstacorp PLC, following the acquisition of an additional 1 million shares at Rs. 179 per share.

Prior to this, Milford Exports held 498,819,000 shares and following the completion of the transaction, its shareholding in Melstacorp has increased from 42.80% to 42.88%.

Melstacorp is the parent company of several leading listed entities such as liquor giant Distilleries Company of Sri Lanka PLC, conglomerate Aitken Spence PLC, Madulsima Plantations PLC, Balangoda Plantations PLC, Browns Beach Hotels PLC, and non-listed companies such as Melsta Technologies, Melsta Logistics, Melsta Properties, Belvantage, Continental Insurance Lanka, Bogo Power, and Melsta Hospitals Ragama.