Sanasa Development Bank PLC made initial announcements during the beginning of the second week of October for the rights issue of one new ordinary share for every two existing ordinary shares held. The issue price is noted at Rs. 80 and the quantity of shares offered was 12,587,661.
Trading is scheduled to commence on December 4 with renunciations to be noted by December 11. The last date for acceptance and payment will be December 12. Sanasa Development Bank is a unique bank committed to uplifting the standards of living for low income Sri Lankan families through a range of micro finance activities. The ownership of the bank is confined to the Sanasa Movement.
The clientele of the bank, among others, consists of farmers, fisherman, vendors and labourers and small business owners.
www.dailynews.lk
Trading is scheduled to commence on December 4 with renunciations to be noted by December 11. The last date for acceptance and payment will be December 12. Sanasa Development Bank is a unique bank committed to uplifting the standards of living for low income Sri Lankan families through a range of micro finance activities. The ownership of the bank is confined to the Sanasa Movement.
The clientele of the bank, among others, consists of farmers, fisherman, vendors and labourers and small business owners.
www.dailynews.lk
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