Wednesday, 20 November 2013 07:14
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Amana Bank Ltd. is going for an Initial Public Offering worth Rs. 2 billion, making it the first equity in recent months.
The Colombo Stock Exchange (CSE) has approved in principle an application submitted by Amana Bank Limited for the listing of its ordinary voting shares on the Diri Savi Board of the CSE. Amana Bank will be offering 214.3 million ordinary voting shares at a price of Rs. 7 per share, with an option to issue up to a further 71.5 million ordinary voting shares in the event of an oversubscription.
The date of opening of the IPO is 11 December 2013 whilst the public can subscribe to it from 28 November.
Acuity Partners Ltd. is the financial advisors and managers to the issue whilst SSP Corporate Services Ltd. is the registrar to the IPO.
