Melstacorp

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 USD 450 million.

Melstacorp PLC.
Public
Industry
Headquarters
110, Norris Canal Road
Colombo 10. Sri Lanka
Key people
D. H. S. Jayawardena
(Chairman)
Amitha Goonaratne
(Managing Director)
Websitewww.melsta.com

Deshamanya Harry Jayawardena is the Chairman .

Lines of business

Melstacorp subsidiaries are involved in industries such as distilling, bottling and distribution of liquor, 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.[1] In addition to Distilleries Company of Sri Lanka PLC, Melstacorp PLC also owns the liquor manufacturing Company named Periceyl Private Limited (100%), Milford Holdings (Private) Limited (100%), Aitken Spence & Co. PLC (51%), Melsta Logistics (Private) Limited (100%), Melsta Technologies (Private) Limited (100%), Melsta Properties (Private) Limited (100%), Melsta Brands (Private) Limited (100%), Belvantage (Private) Limited (100%), Continental Insurance Lanka Limited (100%), Splendor Media (Private) Limited (100%), Bogo Power (Private) Limited (98%), Balangoda Plantations PLC (58.6%), Madulsima Plantations PLC (55.9%), Browns Beach Hotels PLC (42%), Melsta Tower (Private) Limited (100%) and Lanka Bell Limited.

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.[2]

After the share swap Melstacorp was listed in the Colombo Stock Exchange on 30 December 2016.

References
  1. "Why? Melstacorp By Harry J?". Daily Mirror Online. 4 April 2011. Retrieved 2011-04-04.
  2. "Transformation at Distilleries as Melstacorp takes over parent company | The Sunday Times Sri Lanka". www.sundaytimes.lk. Retrieved 2018-11-23.


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