AIA Company Limited made an offer to acquire 2.84% stake in AIA Insurance Lanka PLC for LKR 2.2 billion on February 28, 2019. Under the terms, LKR 2,500 per share was offered by AIA Company to AIA Insurance as a part of consideration. The offer has been made in pursuance of proposal of delisting of shares of AIA Insurance. The delisting is subject to regulatory approval. AIA Company Limited completed the acquisition of 2.84% stake in AIA Insurance Lanka PLC on October 2, 2019.