Dec 17, 2014 (LBO) – The right issue of the Sanasa Development Bank PLC was oversubscribed raising about one billion rupees the company said in a stock exchange filling.
The company issued a 12,587,661 new ordinary shares in the ratio of one share for every two shares held by the registered holders of ordinary voting shares in the company at an issue price of 80 rupees per share to raise 1,007,012,880 rupees that would increase the total number of share in issue to 37,762,983 ordinary voting shares.
The bank said the right issue was oversubscribed attracting applications over and above the number offered under the rights.
NDB Investment Bank acted as the Managers to the Rights Issue.
The company issued a 12,587,661 new ordinary shares in the ratio of one share for every two shares held by the registered holders of ordinary voting shares in the company at an issue price of 80 rupees per share to raise 1,007,012,880 rupees that would increase the total number of share in issue to 37,762,983 ordinary voting shares.
The bank said the right issue was oversubscribed attracting applications over and above the number offered under the rights.
NDB Investment Bank acted as the Managers to the Rights Issue.
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