Nestlรฉ Lanka is to become the 107th public entity to delist from the Colombo Stock Exchange (CSE) following the company's announcement to go private
Nestlรฉ Lanka is to become the 107th public entity to delist from the Colombo Stock Exchange (CSE) following the company’s announcement to go private after 40 years as a publicly listed firm. Nestlรฉ Lanka’s parent company, Nestlรฉ S.A., will purchase shares at Rs.1,500 per share from shareholders who wish to divest. Nestlรฉ S.A. currently owns 91.95% of Nestlรฉ Lanka’s shares. Prior to the delisting announcement, Nestlรฉ Lanka was one of the top 15 largest public companies listed in CSE, with a market cap of over Rs.60bn.
