Majority shareholder owning 91.95% Nestle S.A. will purchase remaining shareholding from those wishing to divest at Rs. 1,500 per share.

The public shareholding of 1983-listed Nestle Lanka is 8.05% held by 6,054 shareholders. As at 31 December 2022, net asset value per share was Rs. 199.95 (up from Rs. 157 in 2021).

The delisting was announced after the market closed with share price unchanged at Rs. 1,120.25. In FY22, highest price was Rs. 964.75 (down from Rs. 1,330 in FY21), lowest was Rs. 870 (versus Rs. 1,200 in FY21) and closed 2022 at Rs. 905, down from Rs. 1,215.50 in 2021.

In a statement Nestle Lanka said it has been actively seeking ways to have a more efficient operation to enhance its contribution to the country even further.