Abans Finance PLC will raise Rs 185 million.
This is by way of a rights issue, the company said in a stock exchange filing.
Subject to the necessary approvals, the company is to issue 7,400,000 ordinary shares at Rs 25.00 each in the ratio of 1 for every 5 shares.
The proceeds will be utilized to expand the lending activities of the company and the capital adequacy requirements that have arisen as a result of business expansion.
(IH) www.dailynews.lk
This is by way of a rights issue, the company said in a stock exchange filing.
Subject to the necessary approvals, the company is to issue 7,400,000 ordinary shares at Rs 25.00 each in the ratio of 1 for every 5 shares.
The proceeds will be utilized to expand the lending activities of the company and the capital adequacy requirements that have arisen as a result of business expansion.
(IH) www.dailynews.lk
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