Milford Exports Ceylon Increases Stake in Melstacorp PLC to 42.97% 📈

Ultimate parent entity Milford Exports Ceylon (Ltd) has further consolidated its position in the diversified conglomerate Melstacorp PLC through a significant share acquisition. • Transaction Details: Milford Exports purchased 1,000,000 shares on March 12, 2026, at a price of Rs. 165.00 per share, totaling an investment of Rs. 165 million. • Shareholding Shift: This acquisition increases the parent's total holding from 499,819,000 shares (42.89%) to 500,819,000 shares (42.97%). • Market Context: Despite the purchase, Melstacorp shares ended the week down Rs. 1.75 at Rs. 165.00. The purchase price aligns exactly with the latest closing market price, though it remains at a premium compared to the end-2025 Net Asset Value (NAV) of Rs. 131.99. • Major Shareholders: Following the transaction, other top holders include Lanka Milk Foods (13.03%), M.A. Yaseen (12.77%), and L.E.M. Yaseen (6.89%). • Economic Impact: Melstacorp remains a vital pillar of the Sri Lankan economy with diversified interests in beverages, plantations, leisure, and financial services, sectors critical for export revenue and national employment. _Note: Figures based on company disclosures as of March 16, 2026._