Melstacorp now biggest private sector shareholder of DFCC

Monday, 5 December 2016 00:13 - - {{hitsCtrl.values.hits}}

Melstacorp Ltd. has bought a further near 1% stake in DFCC Bank for Rs. 260 million.

The block amounting to 2.2 million shares was bought at Rs. 117.70, the same price at which Melstacrop acquired 0.5% stake recently for Rs. 176.5 million.

With the latest acquisition, Melstacorp’s stake in DFCC is now close to 8%, becoming the biggest private shareholder and fifth-largest owner. Previously Readywear Industries owner M.A. Yaseen was the fifth-largest with a 7.6% stake.