Ceylon Finance Today: Brac Lanka Finance plc, an LOLC subsidiary, received a cash infusion of Rs 341 million from its parent, the company's secretaries informed the Colombo Stock Exchange (CSE) on Tuesday.
It said that the interest charged on the loan is AWPLR plus 4.5%. According to the Central Bank of Sri Lanka (CBSL), the AWPLR in the week ended Friday (11 December) was 7.33%.
In other developments, People's Insurance Ltd., on Tuesday informed the CSE that its IPO to raise Rs 750 million had been oversubscribed. The sale comprized 50 million ordinary shares at Rs 15 each. (PGA)
In other developments, People's Insurance Ltd., on Tuesday informed the CSE that its IPO to raise Rs 750 million had been oversubscribed. The sale comprized 50 million ordinary shares at Rs 15 each. (PGA)
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