Melstacorp Private Limited (100% fully own subsidiary of DCSL) made a Mandatory offer to buy remaining shares of Pelawatte Sugar Industries PLC.

24^th March 2011, the Melstacorp Private Limited purchased 31,966,000 shares at the Price of Rs.27.50. which constitutes approximately 47.02% of issued shares of Pelawatte Sugar Industries PLC.

Therefore the Company made a mandatory offer to buy balance shares of 36,010,891 shares constituting approximately 52.98% at the price of Rs.27.50 per shares.

Source: http://www.cse.lk/cmt/upload_cse_announcements/7461301460960_.pdf

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