SANASA Development Bank to raise capital via a Secondary Public Offering
SANASA Development Bank has resolved to raise capital through the issuance of new Ordinary Voting Shares to the public via a Secondary Public Offering (SPO), the bank said in a stock exchange filing. The SPO under consideration constitutes of an invitation to the public, by way of a Prospectus, to subscribe up to Sixty Eight Million (68,000,000) new Ordinary Voting Shares of the Bank (Initial Issue) and in the event of an oversubscription of the Initial issue to issue up to a further Twenty Mil...
Sri Lanka Basel Lil Guidelines Of The Central Bank Voting Shares Of The Bank Companies Act No Colombo Stock Exchange Voting Shares Of The Bank Initial Issue
Source: lankabusinessonline.com