Monday, April 2, 2018

Melstacorp to sell 100% equity of Melsta Regal Finance

Melstacorp PLC have entered in to a share purchase agreement with Bluestone1 (Private) Limited to sell 100% of the equity in their subsidiary Melsta Regal Finance Limited amounting to 134,029,451 ordinary shares, at a purchase price of R 2,555,150,000 (Rupees Two Billion Five Hundred and Fifty Five Million One Hundred & Fifty Thousand only).

This transaction has been approved in principle by the Central Bank of Sri Lanka.

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