Oct 16, 2014 (LBO) – Sri Lanka’s Blue Diamonds Jewellery Worldwide, the largest diamond jewellery manufacturer & exporter in the island is to raise 249 million rupees by way of a rights issue, the company said in a stock exchange filing.
Subjected to the necessary approvals, the company would issue 103,300,891 ordinary voting shares at 1.30 rupees each and 153,369,800 ordinary non-voting shares at 0.75 rupees each in the ratio of one for one.
Part of the funds will be utilized to establish a global design center and a research & development unit while the rest will be invested in machinery and inventory.
The proceeds will also be used for an international trade fair participation, the company said.
Subjected to the necessary approvals, the company would issue 103,300,891 ordinary voting shares at 1.30 rupees each and 153,369,800 ordinary non-voting shares at 0.75 rupees each in the ratio of one for one.
Part of the funds will be utilized to establish a global design center and a research & development unit while the rest will be invested in machinery and inventory.
The proceeds will also be used for an international trade fair participation, the company said.
No comments:
Post a Comment