Wednesday 8 October 2014

SDB in Rs 1B rights issue

Ceylon Finance Today: Sanasa Development Bank (SDB) announced a rights issue to raise a little more than Rs 1 billion to strengthen its capital base and finance portfolio growth.

The bank yesterday told the Colombo Stock Exchange that it would issue 12,587,661 new ordinary voting shares for every two shares held at Rs 80 each.
The present share capital stands at Rs 2.53 billion represented by a little more than 25.17 million shares. 
www.ceylontoday.lk

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