Type Limited Website www.melsta.com | Industry Holding company Founded 1998 | |
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Headquarters 110, Norris Canal RoadColombo 10. Subsidiaries Periceyl (Pvt) Ltd., Melsta Technologies (Pvt) ltd | ||
Distilleries company of sri lanka plc and melstacorp limited opened trading at cse today
Melstacorp PLC is a Sri Lankan Diversified conglomerate listed in the Colombo Stock Exchange. Melstacorp PLC is one of the 10 largest listed companies in the Colombo Stock Exchange with a market capitalisation of approximately USD 450 million. Melstacorp Subsidiaries are involved in wide range of industries such as liquor manufacture and distribution, Leasing, Insurance, Logistics, ICT, Telecommunications, Energy, Tea and Rubber Plantations, Hospitality, Property Development, Brand Management, and in Advertising. It is the holding company of Distilleries Company of Sri Lanka PLC. In addition to Distilleries Company of Sri Lanka PLC Melstacorp PLC also owns Periceyl Private Limited (100%), Milford Holdings (Private) Limited (100%), Aitken Spence & Co. PLC (45%), Melsta Logistics (Private) Limited (100%), Melsta Technologies (Private) Limited (100%), Melsta Properties (Private) Limited (100%), Melsta Brands (Private) Limited (100%), Melsta Regal Finance Limited (100%), Belvantage (Private) Limited (100%), Continental Insurance Lanka Limited (100%), Splendor Media (Private) Limited (100%), Bogo Power (Private) Limited (98%), Balangoda Plantations PLC (43%), Madulsima Plantations PLC (45.9%), Browns Beach Hotels PLC (42%), Melsta Tower (Private) Limited (100%) and Lanka Bell Limited.
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History
Melstacorp PLC was originally formed as The Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the Company and renamed it as Melstacorp Limited in order to subsequently make it the holding Company of the then DCSL group. All subsidiary companies of DCSL were transferred to the Company between 2010 and 2015. in 2016 through a180 degree share swap 'Melstacorp became the holding company of DCSL. After the share swap Melstacorp was listed in the Colombo Stock Exchange on 30 December 2016.
Deshamanya Harry Jayawardena is the Chairman of the Melstacorp.