Today March 25, 2011; the Distilleries Company of Srilanka PLC Make a Mandatory offer buy to remaining share of Pelwatte Sugar Industry PLC.

Yesterday March 24, 2011 the Melstacorp (Private) Limited (100% Subsidiary of Distilleries Company of Srilanka PLC.) brought 31,966,000 47% shares of Pelwatte Sugar Industry PLC at the Price of Rs.27.50 per share.

Source: http://www.cse.lk/cmt/upload_cse_announcements/7671301034306_.pdf

http://synergyy.com/2011/03/distilleries-company-of-sri-lanka-plc-acquires-pelwatte-sugar-industries-limited/

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