Complex sentence: On November 17,1989 State Distilleries Corporation was converted into a company with shares, namely the Distilleries Company of Sri Lanka Limited, under the Conversion of Public Corporations Act No: 23 of 1983.
Split into simpler sentences: On November 17,1989 State Distilleries Corporation was converted into a company with shares. Thus Distilleries Company of Sri Lanka Limited was born, under the Conversion of Public Corporations Act No: 23 of 1983.