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SANASA Development Bank Plc (SDB Bank) last week executed the subscription agreement with the International Finance Corporation for the latter to invest Rs. 510.65 million in equity in the former.
The investment via a private placement was for 3.6475 million shares at Rs. 140 each.
The issue of shares is subject to shareholder approval at a general meeting.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.