Kotagala Plantations is to issue 80,000,000 ordinary shares at a price of Rs.10 per share by way of a Rights Issue in the proportion of two new ordinary shares for every one existing issued ordinary share.
The funds realized from the Issue will be utilized to settle outstanding statutory liabilities and to meet working capital requirements.The stated capital of the company is Rs 680,000,010 and the Rights Issue of Shares will not be underwritten.
The rights issue of shares is subject to approval SEC and shareholder approval at an Extraordinary General Meeting.
www.dailynews.lk
The funds realized from the Issue will be utilized to settle outstanding statutory liabilities and to meet working capital requirements.The stated capital of the company is Rs 680,000,010 and the Rights Issue of Shares will not be underwritten.
The rights issue of shares is subject to approval SEC and shareholder approval at an Extraordinary General Meeting.
www.dailynews.lk
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