Sri Lanka’s Prime Lands Residencies is to raise upto Rs. 2 BN at the Initial Public Offering (IPO) approved by the Colombo Stock Exchange (CSE). The company is to be listed on the Diri Savi second board of CSE.
The company will offer 100,000,000 new ordinary voting shares at 10.40 rupees a share to raise 1.04 billion rupees. It also has an option to sell a further 910 million rupees if the first tranche gets oversubscribed.
The minimum subscription is 10,400 rupees (1,000 shares).
This is likely to reinforce the confidence companies place in the Sri Lankan stock market, thereby attracting investors to explore new and viable opportunities.
Click the link below to find how to invest
ACHIEVEMENTS OF PRIME LANDS RESIDENCIES LTD