Melstacorp PLC is a Sri Lankan diversified conglomerate. It is listed in the Colombo Stock Exchange. Melstacorp PLC is one of the 10 largest listed companies. It has a market capitalization of approximately US$450 million.
Hasitha Jayawardena is the chairman of the company while Jude Fernando functions as the group CEO.
History Melstacorp PLC was originally formed as Beruwala Distillery (Private) Limited in 1995. Distilleries Company of Sri Lanka (DCSL) acquired the company and renamed it 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 a 180-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.
Subsidiaries Melstacorp subsidiaries are involved in industries such as Distilling, bottling and distribution of liquor, Insurance, Health, Manufacturing, 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.
+ Holdings Subsidiary Holding Market value/Cost LKR (mns) Quoted subsidiaries Aitken Spence PLC 50.32% 15,058 Balangoda Plantations PLC 58.61% 241 Browns Beach Hotel PLC 41.88% 488 Distilleries Company of Sri Lanka PLC 92.44% 57,831 Madulsima Plantations PLC 55.91% 871 Unquoted subsidiaries Bellvantage (Pvt) Limited 100% 75 Bogo Power (Pvt) Limited 99.30% 993 Continental Insurance Lanka Limited 100% 1,164 Melsta Health (Pvt) Ltd 1,896 Melsta Logistics (Pvt) Limited 571 Melsta Properties (Pvt) Limited 1,590 Melsta Technologies (Pvt) Limited 10 Melsta Tower (Pvt) Limited 658 Milford Holdings (Pvt) Limited 98.36% 3,350 Periceyl (Pvt) Limited 100% 7 Splendor Media (Pvt) Limited 51 Timpex (Pvt) Limited 51.03% 157
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